Adani Power receives AA credit rating upgrade

Adani Power Limited announced that CARE Ratings Limited assigned and reaffirmed various credit ratings for its financial facilities. The company received a [CARE] AA (Stable) rating for additional term loan and working capital facilities, and [CARE] A1+ for short-term non-fund based facilities.

The total combined rated facilities amount to INR 57,000 crore. The ratings reflect Adani Power's diversified generation portfolio, strategic acquisitions, and healthy operating efficiencies.