JSW Energy Limited has informed the Exchange about rating by Fitch Ratings of JSW Hydro Energy Limited's USD 707 million Senior Secured Notes
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JSW Energy has informed exchanges that Fitch Ratings has affirmed a BB+ rating with a Stable outlook for the USD 707 million Senior Secured Notes issued by its step-down subsidiary, JSW Hydro Energy Limited. The rating action was communicated via Fitch's release dated 17th June 2025. JSW Hydro Energy is a step-down subsidiary of JSW Energy Limited. The affirmation indicates that Fitch sees no change in the credit quality of these offshore notes, which remain in the speculative (non-investment) grade category.
No immediate change for shareholders — the rating was maintained rather than upgraded or downgraded, suggesting stable borrowing costs for the subsidiary. The BB+ (Stable) rating keeps JSW Hydro's international debt profile unchanged, though it remains below investment grade.