Hitachi Energy India: CRISIL reaffirms AAA, reassigns A1+ on 6000 Cr facilities

CRISIL Ratings has reaffirmed Hitachi Energy India's long-term rating at CRISIL AAA/Stable and reassigned the short-term rating at CRISIL A1+ for total bank loan facilities of Rs. 6,000 Crores. AAA is the highest long-term rating and A1+ is the highest short-term rating offered by CRISIL, indicating the strongest capacity to meet financial obligations. The company confirmed there is no change in its existing credit rating. Facilities are spread across multiple banks including HDFC, Axis, Kotak, YES Bank, Standard Chartered, Deutsche Bank, HSBC, JP Morgan, and Bank of America.