Intimation under Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 : Update on Credit Rating.
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Awaiting price reaction for this filing.
Crisil Ratings has reaffirmed the credit ratings of RattanIndia Power Limited for two facilities. The Total Bank Loan Facility of Rs. 250 Crore (reduced from Rs. 318.58 Crore) has been reaffirmed at Crisil A3. The Non-Convertible Debentures (NCDs) of Rs. 511.25 Crore have been reaffirmed at Crisil BBB-/Stable. The bank loan facility has been reduced by Rs. 68.58 Crore, indicating partial debt repayment. The reaffirmation suggests Crisil sees no material change in the company's credit profile.
Neutral for shareholders — the reaffirmation signals rating stability and no deterioration in creditworthiness, while the reduction in bank loan size points to debt reduction. Investors should note that BBB- is the lowest investment-grade rating, leaving limited cushion before a potential downgrade.