KPI Green Energy secures AA+ rating for $84m green bonds

CRISIL Ratings assigned a "Provisional CRISIL AA+ (CE) / Stable" rating to KPI Green Energy Limited's proposed green bonds totaling INR 700 crore. The non-convertible debentures are backed by a partial credit guarantee from GuarantCo Ltd covering 65% of the issuance.

The bonds feature quarterly principal and interest repayments over 60 months, supported by a debt service reserve account and INR 100 crore security deposit. CRISIL's unsupported rating for KPI Green Energy is 'A', reflecting its market position in renewable energy EPC.