Acme Solar Holdings Limited has informed the Exchange regarding a press release dated April 28, 2025, titled "CRISIL Assigns 'CRISIL AA-/Stable' Rating to Long-Term Bank Facilities of ACME Solar 300 MW ISTS Project in Jaisalmer, Rajasthan".
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Awaiting price reaction for this filing.
CRISIL has assigned a long-term credit rating of 'AA-' with a 'Stable' outlook to the bank facilities of ACME Solar's 300 MW interstate transmission system (ISTS) solar project located in Jaisalmer, Rajasthan. The 'AA-' rating indicates a high degree of safety for the borrower's financial obligations, while the 'Stable' outlook suggests CRISIL expects this rating to hold over the medium term. The rating pertains specifically to project-level debt tied to the 300 MW capacity.
This is a positive signal for ACME Solar as it confirms strong creditworthiness for this project, likely supporting easier and cheaper access to debt funding. Shareholders can view this as validation of the project's financial health, though it applies to a specific project rather than the entire company.