Adani Power Limited has informed the Exchange about Credit Rating
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CRISIL Ratings has reaffirmed its CRISIL AA / Stable credit rating on Adani Power's existing bank loan facilities and proposed Non-Convertible Debentures (NCDs). It has also assigned the same CRISIL AA / Stable rating to additional bank loan facilities that were merged into Adani Power following the amalgamation of its wholly owned subsidiary Adani Power (Jharkhand) Limited. The total rated bank loan facilities now stand at Rs. 46,000 crore, with proposed NCDs of Rs. 11,000 crore, taking the combined rated amount to Rs. 57,000 crore. CRISIL cited Adani Power's strong credit profile, long-term power purchase tie-ups, fuel linkages, full recovery of regulatory dues, robust liquidity, and diversified generation portfolio as reasons for the rating.
Reaffirmation of the AA rating signals continued strong creditworthiness and no negative change in the company's risk profile, which is positive for bondholders and lenders. Shareholders may view this as a stability signal, though the rating action itself is unlikely to be a major stock price catalyst.