Hindustan Aeronautics Limited — Credit Ratings, 10-03-2026: Credit Rating

CARE Ratings has reaffirmed Hindustan Aeronautics Ltd's (HAL) long-term/short-term bank facilities at CARE AAA; Stable / CARE A1+ with a Stable outlook. This reflects HAL's strategic government importance, robust order book of 2,58,942 Cr, and strong liquidity with 43,465 Cr in cash. Healthy operating performance and majority government ownership underpin this decision.