India Ratings and Research (Ind-Ra) has taken the following rating actions on Talettutayi Solar Projects One Private Limited’s (TT1) bank facilities: #In line with the Reserve Bank of India’s guidance note to credit rating agencies dated 22 April 2022 for bank loan- credit enhanced ratings, Ind-Ra has not assigned credit enhanced ratings to the bank […]
India Ratings Assigns JSW Renewable Energy (Vijayanagar)’s RTL ‘IND A+’/Stable; Affirms Existing Ratings – EQ Mag
India Ratings and Research (Ind-Ra) has taken the following ratings actions on JSW Renewable Energy (Vijayanagar) Limited’s (JREVL) debt instruments: $Ind-Ra has affirmed the unsupported rating of ‘IND A+’/Stable for the same amount and maturity, in compliance with the Securities Exchange Board of India’s circular dated 13 June 2019, which requires credit rating agencies to […]
India Ratings Upgrades Mahindra Renewables’ Senior Term Loans to ‘IND A+’/Stable – EQ Mag Pro
India Ratings and Research (Ind-Ra) has upgraded Mahindra Renewables Private Limited’s (MRPL) senior project term loans to ‘IND A+’ from ‘IND A-’. The Outlook is Stable. The detailed rating action is as follows: nstrument Type Date of Issuance Coupon Rate Maturity Date Size of Issue (million) Rating/Outlook Rating Action Senior project term loans* – – […]
India Ratings upgrades JSW Energy’s credit rating to AA stable – EQ Mag Pro
JSW Energy on Monday said that India Ratings has upgraded its long-term credit rating to IND AA (stable) from IND AA- (stable). ”Long-term credit rating of JSW Energy Ltd has been upgraded to IND AA (stable) from IND AA- (stable) by India Ratings Pvt Ltd, the wholly-owned Indian subsidiary of Fitch Ratings,” the company said […]
Public-Private Partnership Model Crucial For Deployment of EVs: India Ratings
New Delhi: Public-private partnership model for operating electric vehicles, especially buses, will help state transport undertakings (STUs) deploy more such zero-emission vehicles in the coming years, according to India Ratings and Research. The government has been urging vehicle manufacturers to increase their investments in development and manufacturing of electric vehicles to reduce pollution and import […]
India Ratings Assigns Acme Raipur Solar’s Term Loans ‘IND A-(CE)’/ Stable
India Ratings and Research (Ind-Ra) has rated Acme Raipur Solar Power Private Limited’s (ARSPPL) bank facilities as follows: Instrument Type Date of Issuance Coupon Rate (%) Maturity Date Size of Issue (million) Rating/Outlook Rating Action Senior project term loans – – 31 March 2035 INR1,372.8 IND A-(CE)/Stable Assigned Working capital – – – INR110.0 IND A2+(CE) Assigned […]
India Ratings for Indian debt instruments – Nov 27
Below are the ratings awarded by India Ratings and Research Private Ltd (India Ratings), formerly known as Fitch Ratings India for local debt instruments as of November 26, 2020. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ------ --------- SHORT TERM RATINGS: ------------------- Armstrong Knitting Mills Non-FB facility IND A3 2.5 Assigned Rajmahal Coal […]
India Ratings Upgrades Acme Hisar Solar’s Term Loans to ‘IND A’; Outlook Stable
India Ratings and Research (Ind-Ra) has upgraded Acme HisarSolar Power Private Limited’s (AHSPPL) senior project term loans’ rating to ‘IND A’ from ‘IND BBB+’. The Outlook is Stable. The detailed rating action is as follows: Instrument Type Date of Issuance Coupon Rate (%) Maturity Date Size of Issue (million) Rating/Outlook Rating Action Senior project term […]
India Ratings for Indian debt instruments – Apr 1
Below are the ratings awarded by India Ratings and Research Private Ltd (India Ratings), formerly known as Fitch Ratings India for local debt instruments as of March 31, 2020. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ------ --------- SHORT TERM RATINGS: ------------------- Bonai Industrial Co. Ltd FB limits IND A1+ 2000 Affirmed; […]
India Ratings for Indian debt instruments – Mar 17
Below are the ratings awarded by India Ratings and Research Private Ltd (India Ratings), formerly known as Fitch Ratings India for local debt instruments as of March 16, 2020. COMPANY INSTRUMENT RATING AMOUNT MOVEMENT (RS.MLN) ------ ---------- ------ ------ --------- SHORT TERM RATINGS: ------------------- Avi Global Plast Pvt Ltd Non-FB WC limits IND A3+ 180 […]