SECI gaves AA+(Stable) Rating From ICRA For more information please see below link:
ICRA expects Budget to focus on power discoms, RE and gas plants revival
Credit rating agency ICRA on Wednesday said it expects Union Budget for FY21 to continue focus on measures for power distribution network strengthening and renewables. Credit rating agency ICRA on Wednesday said it expects Union Budget for FY21 to continue focus on measures for power distribution network strengthening and renewables. The agency said it expects […]
Asset quality pressures for Infrastructure Finance NBFCs persist, though receding: ICRA
The tepidness in H1FY2020 has been led by de-growth in banking sector credit to infrastructure segment, though infrastructure finance non-bank companies (IFCs) continued to grow at a modest pace (17% yoy and 12% sequential). The trajectory of total infrastructure credit in India (banks and infrastructure finance non-bank companies) has flattened in H1FY2020, as per a […]
ICRA revises year-end outlook from Stable to Negative for renewable energy sector
Given the ongoing challenges, ICRA expects RE capacity addition to remaining at about 8.5 – 9.0 GW for FY2020, which is similar to the capacity added in FY2019. ICRA has revised the year-end outlook for the Renewable energy (RE) sector, from stable to negative. The sector is facing headwinds because of the long delays in […]
Icra downgrades power sector outlook to negative
New Delhi : Ratings agency ICRA has revised the year-end outlook for the power sector from stable to negative owing to slowdown in energy demand growth, sluggish progress in resolution of stressed thermal assets and less than expected improvement in discom finances. According to ICRA Research, the all India electricity demand growth declined to 1.2% […]
ICRA ratings for Indian debt instruments-Dec 6
Below are the ratings awarded by Investment Information Credit Rating Agency Ltd. (ICRA) for local debt instruments as of December 5, 2019. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ----- --------- SHORT TERM RATINGS: ------------------- Abis Sampoorna Llp Non-fund Based – BG** ICRA A3 - Reaffirmed **sub-limit of Cash Credit Api Ispat And […]
Icra downgrades Shapoorji Pallonji rating, assigns negative outlook
ICRA has also taken note of the recent developments in SWSL. Mumbai: IcraNSE 0.63 % has downgraded the long-term rating of Shapoorji Pallonji and Company (SPCPL) to ‘A+’, from ‘AA-’, and short-term ratings to ‘A1’ from ‘A1+’, citing slower-than-anticipated progress achieved by the company in terms of its deleveraging plans through equity infusion and asset […]
ICRA downgrades around 1.9 GW of wind and solar power projects
Rating agency ICRA has downgraded around 1.9 gigawatts (GW) of wind and solar power projects in its rated portfolio This comes in the backdrop of India’s clean energy sector going through a crisis NEW DELHI: In what may impact India’s emerging green economy, rating agency ICRA has downgraded around 1.9 gigawatts (GW) of wind and […]
ICRA revises rating outlook for one-third of wind, solar portfolio
The agency has downgraded rating for 20% of its rated portfolio for wind and solar Rating agency ICRA has downgraded the rating outlook for nearly one-third of its wind, solar power rated portfolio, the agency said in a statement on Wednesday. ICRA, in its statement, said, it has revised the ratings or the rating outlook […]
Significant regulatory uncertainty for wind, solar power plants in AP: ICRA
In the interim, the court directed the discoms to make payments for the pending bills and future bills at the rate of Rs 2.43 per unit for wind power plants and Rs 2.44 per unit for solar power plants. NEW DELHI: While the quashing of government’s notification by the Andhra Pradesh high court regarding appointment […]