Acme Solar Holdings Limited has informed the Exchange regarding 'Credit Rating - ACME Venus Urja Private Limited, wholly owned subsidiary of ACME Solar Holdings Limited'.
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Acme Solar Holdings has informed the exchanges that Crisil Ratings has assigned a long-term rating of 'Crisil A/Stable' to the bank facilities of its wholly owned subsidiary, ACME Venus Urja Private Limited. The rating covers total bank loan facilities of Rs. 4,072 crore. A Crisil A rating is considered investment grade, indicating low to moderate credit risk with stable outlook. The rationale document is available on Crisil's website for further details.
Positive signal for Acme Solar Holdings shareholders — the strong investment-grade rating for a Rs. 4,072 crore facility at its subsidiary reflects healthy creditworthiness and likely supports cheaper future borrowing. The stable outlook suggests confidence in the subsidiary's repayment capacity over the medium term.