Acme Solar Holdings Limited has informed the Exchange regarding 'Credit Rating-ACME Sidlaghatta Solar Energy Private Limited'.
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ICRA Limited has assigned a rating of [ICRA]A- with a Stable outlook to a long-term fund-based term loan of Rs. 57.24 crore belonging to ACME Sidlaghatta Solar Energy Private Limited, a wholly-owned subsidiary of Acme Solar Holdings Limited. The rating has been assigned for the first time, indicating this is a new credit facility being formally rated. The A- rating is investment grade, suggesting moderate creditworthiness. The company clarified this is a voluntary submission and not a mandatory intimation under SEBI regulations.
The A- stable rating reflects acceptable credit quality for the subsidiary's debt obligations. Shareholders can view this as a formal validation of the subsidiary's financial health by a recognised rating agency, though the rating is not the highest tier.