{"id":597965,"date":"2023-08-17T10:20:52","date_gmt":"2023-08-17T04:50:52","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=597965"},"modified":"2023-08-17T10:20:52","modified_gmt":"2023-08-17T04:50:52","slug":"hero-electric-faces-rating-cut-on-loan-defaults","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/hero-electric-faces-rating-cut-on-loan-defaults\/","title":{"rendered":"Hero Electric faces rating cut on loan defaults"},"content":{"rendered":"<p>The credit rating of Naveen Munjal-led Hero Electric Vehicles Private Ltd has been downgraded after the company defaulted on its loans in the midst of a liquidity crunch sparked by the government withholding over Rs 500 crore of FAME-II subsidies, as per credit rating agency Crisil.<\/p>\n<p>Crisil on Monday downgraded Hero Electric\u2019s long term and short-term ratings to Crisil D from Crisil B and Crisil A4, respectively. The Crisil D rating is given in the event of default.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The credit rating of Naveen Munjal-led Hero Electric Vehicles Private Ltd has been downgraded after the company defaulted on its loans in the midst of a liquidity crunch sparked by the government withholding over Rs 500 crore of FAME-II subsidies, as per credit rating agency Crisil. Crisil on Monday downgraded Hero Electric\u2019s long term and short-term ratings to Crisil D from Crisil B and Crisil A4, respectively. The Crisil D rating is given in the event of default.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-597965","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/597965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=597965"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/597965\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=597965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=597965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=597965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}