Adani Power's ₹69,000 Cr Facilities Rated 'AA/Stable' by Crisil
Adani Power Limited's ₹69,000 crore facilities, including bank loans and proposed NCDs, have been assigned or reaffirmed a 'Crisil AA/Stable' credit rating. The rating highlights APL's strong market position and diversified portfolio.
A stable credit rating is beneficial for a company as it can lead to better borrowing terms and investor confidence, impacting its ability to raise further debt.
The credit rating assigned by Crisil is positive, indicating a stable outlook for Adani Power Limited's financial health and creditworthiness.
Adani Power Limited (APL) has received a credit rating of 'Crisil AA/Stable' for its additional term loan facilities and reaffirmed ratings for existing bank facilities and proposed Non-Convertible Debentures (NCDs). The total value of these rated facilities amounts to ₹69,000 crore.
Specifically, APL's existing bank loan facilities worth ₹46,000 crore have been reaffirmed with a 'Crisil AA/Stable' rating. Additionally, new bank loan facilities totaling ₹12,000 crore have been assigned the same 'Crisil AA/Stable' rating. Proposed NCDs amounting to ₹11,000 crore have also been reaffirmed with a 'Crisil AA/Stable' rating.
According to Crisil Ratings, the 'AA/Stable' rating reflects APL's robust credit risk profile. This is supported by its strong market position, stemming from a large and diversified portfolio of power assets. Furthermore, the company benefits from a healthy business risk profile characterized by a high degree of capacity and fuel tie-ups.
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Adani Power Limited filed this with the NSE as a statutory disclosure, categorised under credit ratings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Adani Power Limited. Read the original for the full detail.