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Entity-Specific Rating Rationales

30 Jun 2025

Bharat Seats Limited: Long-term rating upgraded to [ICRA]A (Stable); short-term rating upgraded to [ICRA]A1

Bharat Seats Limited: Long-term rating upgraded to [ICRA]A (Stable); short-term rating upgraded to [ICRA]A1

23 Apr 2024

Bharat Seats Limited: Ratings reaffirmed; rated amount enhanced

Bharat Seats Limited: Ratings reaffirmed; rated amount enhanced

30 May 2023

Bharat Seats Limited: Update on Material Event

Bharat Seats Limited: Update on Material Event

05 Jan 2023

Bharat Seats Limited: Ratings reaffirmed; rated amount enhanced

Bharat Seats Limited: Ratings reaffirmed; rated amount enhanced

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Entity-Specific Credit Perspective Reports

22 May 2024

Bharat Seats Limited

Bharat Seats Limited (Non-SF)

02 Feb 2023

Bharat Seats Limited

Bharat Seats Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Non-fund Based [ICRA]A1 -- -- --
Fund-based working capital -- -- [ICRA]A(Stable) --
Term Loan -- -- [ICRA]A(Stable) --

Our Analysts

Analyst 1

Astha Bansal

Analyst 2

Rohan Kanwar Gupta

Sector Head

Shamsher Dewan
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