Announced Thu, 9 Jul · 11:48 IST
ICRA reaffirms AA+ Stable rating, assigns A1+ on new credit facilities
ADANIENSOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹1663.70
prior close
₹1660.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.2-0.1-0.3-0.8-1.2+1.5+1.1+1.6+4.0————
Up moveDown movePending
AI summary
ICRA has reaffirmed Adani Energy Solutions long-term rating at AA+ with Stable outlook and short-term rating at A1+. Ratings were reaffirmed and assigned for an enhanced amount on existing fund and non-fund based limits. New ratings of A1+ and AA+ Stable were assigned for proposed working capital facilities. A1+ was reaffirmed on commercial paper, and AA+ Stable was assigned on existing and proposed non-convertible debentures.
Likely market impact
Strong investment grade ratings reaffirmed; expanded credit lines signal healthy credit profile and easier access to debt funding.