Adani Power secures credit rating affirmation and assignment
Adani Power (BSE: 533096) announced that India Ratings has affirmed its IND AA/Stable credit rating for existing term loan facilities and IND AA/Stable/IND A1+ rating for existing working capital and bank guarantee facilities. Simultaneously, the rating agency has assigned an IND AA/Stable rating to new term loan facilities amounting to INR35,805,600,000 and an IND AA/Stable/IND A1+ rating to new working capital and bank guarantee facilities totaling INR4,665,690,000. The announcement highlighted the successful integration of additional 2.3 GW thermal power capacities, mitigation of risks associated with the Godda power plant from the erstwhile APJL, and consistent EBITDA generation from diverse power selling arrangements. The company's total rated facilities now stand at INR570,000,000,000 including a proposed non-convertible debenture offering of INR110,000,000,000, which has also been affirmed at IND AA/Stable.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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