Acme Solar Holdings Limited has informed the Exchange regarding a press release dated November 11, 2025, titled "ICRA Assigns 'ICRA AA-/Stable' Rating toRs 990 crore Long-Term Bank Facilities of ACME Solar s project in Rajasthan".
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Awaiting price reaction for this filing.
Credit rating agency ICRA has assigned a rating of 'AA-' with a Stable outlook to Acme Solar's long-term bank facilities worth Rs 990 crore. These facilities are tied to one of the company's solar power projects in Rajasthan. The AA- rating is a high investment-grade rating, indicating strong creditworthiness and low default risk. The Stable outlook means ICRA does not expect any near-term change in this rating. This is a fresh rating assignment, suggesting the company has arranged or is arranging new project-level debt funding.
Positive for shareholders — securing a high investment-grade rating on Rs 990 crore of project debt makes borrowing cheaper and easier, signals lender confidence in the Rajasthan project, and supports execution without funding hiccups.