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ICRA reaffirms AA- ratings, revising outlook to stable for H.G. Infra Engineering’s instruments

(21-Aug-26   18:28)

H.G. Infra Engineering Ltd announced that ICRA Limited (“ICRA”) has reaffirmed and revised the outlook to stable from positive for its outstanding instruments, including the Long-term – Fund-based – Cash credit of Rs 900.00 with a rating of [ICRA]AA- (Stable), the Long-term/Short-term – Non-fund based – Bank Guarantee of Rs 4300.00 with ratings of [ICRA]AA- (Stable) / [ICRA]A1+, and the Non-Convertible Debenture of Rs 400.00 with a rating of [ICRA]AA- (Stable), with no enhancements, assignments, or withdrawals reported by the rating agency.