Of the 46 wind energy projects evaluated, 30 projects received an ‘A’ rating, while another 10 projects were given ‘BBB’ rating by the credit rating firms. More than 90 per cent of the solar and wind energy projects evaluated last year received investment-grade ratings of BBB and above, according to a study. This is due […]
Rating on Azure Power Solar’s notes unaffected by sale of rooftop projects
Hong Kong : The rating on Azure Power Solar Energy Pvt Ltd (APSEPL’)s 350.1 million dollar 5.65 per cent senior notes due 2024 is not affected by the sale of Azure Power Global Ltd (APGL’s) rooftop solar portfolio,Fitch Ratings (/topic/fitch-ratings) said on Monday. Fitch does not expect the transaction to trigger a change of control provision […]
Fitch Assigns ReNew Power Restricted Group 4’s Proposed Notes ‘BB-(EXP)’
Fitch Ratings has assigned India-based ReNew Power Restricted Group 4’s (ReNew RG4) proposed US dollar senior secured notes due 2028 an expected rating of ‘BB-(EXP)’. The Outlook is Positive. ReNew RG4 is a restricted group that includes 10 subsidiaries of ReNew Power Private Limited (ReNew Power, BB-/Positive). ReNew Power is one of the largest renewable-energy […]
Crisil upgrades rating on Tata Power NCDs, long-term bank facilities
The outlook on the rating has been revised to ‘stable’ from ‘positive’. The rating on Tata Power’s commercial paper programme has been reaffirmed at Crisil A1+, it said New Delhi: Tata Power on Thursday said Crisil has upgraded its rating on the company’s non-convertible debentures and long-term bank facilities. “Crisil has upgraded its rating of […]
ICRA ratings for Indian debt instruments-Dec 6
Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of December 5, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Abis Sampoorna Llp Non-fund Based – BG** ICRA A3 - Reaffirmed **sub-limit of Cash Credit Api Ispat And […]
Icra downgrades Shapoorji Pallonji rating, assigns negative outlook
ICRA has also taken note of the recent developments in SWSL. Mumbai: IcraNSE 0.63 % has downgraded the long-term rating of Shapoorji Pallonji and Company (SPCPL) to ‘A+’, from ‘AA-’, and short-term ratings to ‘A1’ from ‘A1+’, citing slower-than-anticipated progress achieved by the company in terms of its deleveraging plans through equity infusion and asset […]