Gmr Power And Urban Infra Limited has informed the Exchange about Credit Rating- Revision
GMRP&UI · price
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Infomerics Valuation and Rating Limited has upgraded the credit rating for GMR Power and Urban Infra Limited's Rs. 380 crore Bank Guarantee facility from IDBI Bank to IVR BBB/Stable. The rating is valid until May 27, 2027. Separately, the rating for bank guarantee facilities from Union Bank of India has been withdrawn after the company received a no dues certificate following closure of those facilities. The upgrade reflects the company's improved operational and financial performance during FY2025 and FY2026.
The rating upgrade reflects improving credit health and could boost investor confidence. The withdrawal of Union Bank facilities indicates successful debt clearance with that lender.