Announced Tue, 18 Aug · 09:12 IST
CARE upgrades Adani Power credit ratings to AA+ Stable
ADANIPOWER · 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
+0.2%1-day move
₹203.56
prior close
₹203.80
base price
After-mkt
timing
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+0.4+0.3+0.1+0.5+0.2+0.2+1.0———————
Up moveDown movePending
AI summary
CARE Ratings upgraded Adani Power credit ratings from AA to AA+ with Stable outlook across long-term bank facilities (enhanced to Rs 52,950 cr from Rs 42,950 cr) and non-convertible debentures of Rs 11,000 cr. A fresh AA+ rating was assigned to additional NCDs worth Rs 11,500 cr. Total rated facilities stand at Rs 90,500 cr. Upgrade reflects strong financial and operational performance, long-term PPAs, improved fuel security, strong cash flows and comfortable liquidity.
Likely market impact
Positive credit rating upgrade signals stronger financial health and may lower future borrowing costs for the company.