Adani Power Limited has informed the Exchange about Credit Rating
ADANIPOWER · price
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Adani Power Limited received credit ratings from ICRA Limited for Rs 69,000 crore of facilities. ICRA assigned ICRA AA/Stable rating to additional term loan facilities worth Rs 35,223.70 crore and A1+ rating to non-fund based bank guarantee facilities worth Rs 7,726.30 crore. Existing ratings on term loans of Rs 15,050 crore and NCDs of Rs 11,000 crore were also reaffirmed. The AA rating indicates high investment grade with stable outlook, suggesting strong creditworthiness and low default risk.
The reaffirmed high-grade ratings reflect Adani Power's stable financial health and may support investor confidence. The company's ability to secure significant credit facilities at investment-grade rates indicates good access to capital markets.