ACME Solar Holdings Limited has informed the Exchange regarding 'Credit rating of ACME Platinum Urja Private Limited' (Wholly Owned Subsidiary)
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ACME Solar Holdings Limited's wholly owned subsidiary, ACME Platinum Urja Private Limited, has received its first credit rating from ICRA Limited. The rating agency assigned a rating of [ICRA]A-(Stable) to a Rs. 800 crore Long-Term Fund-Based Term Loan. The 'A-' rating is an investment-grade rating indicating low credit risk, while the 'Stable' outlook suggests no immediate changes are expected. ACME Solar noted this is a voluntary filing and not a mandatory disclosure under SEBI regulations. The rating rationale has been published separately by ICRA.
This new rating assignment for the subsidiary's Rs. 800 crore term loan is a positive development, indicating ICRA's confidence in the creditworthiness of ACME Platinum Urja. The investment-grade rating suggests manageable debt levels and good repayment capacity, which should be supportive for ACME Solar Holdings' overall financial position.