CG Power Affirms 'IND AA+/Stable' Issuer Rating; Assigns 'IND AA+/Stable/IND A1+' to New Bank Loan
CG Power's issuer rating affirmed as 'IND AA+/Stable' by India Ratings. New bank loan facilities of ₹14 billion (1,400 crore) assigned 'IND AA+/Stable/IND A1+'. Existing bank loans and commercial papers also affirmed at 'IND AA+/Stable/IND A1+' and 'IND A1+' respectively.
Strong credit ratings can improve the company's access to debt financing at favorable terms, potentially supporting future growth and operations. The size of the new bank loan facility also suggests a significant financial activity.
The affirmation and assignment of strong credit ratings by India Ratings and Research indicate a positive outlook on the company's financial health and creditworthiness.
CG Power and Industrial Solutions Limited announced on March 19, 2026, that it has received updated credit ratings from India Ratings and Research (Ind-Ra). The company's issuer rating has been affirmed as 'IND AA+/Stable'.
Furthermore, Ind-Ra has affirmed the 'IND AA+/Stable/IND A1+' rating for existing bank loan facilities amounting to ₹31.21 billion (3,121 crore). A new bank loan facility of ₹14 billion (1,400 crore) has been assigned the same rating of 'IND AA+/Stable/IND A1+'. The rating for commercial papers (CP) has also been affirmed as 'IND A1+', with an issue size of ₹5 billion (500 crore). It is noted that the CP will not be carved out from the fund-based working capital limits.
The annexure details various fund-based and non-fund-based working capital limits with different banks, including State Bank of India, Citibank N.A., HDFC Bank Limited, and Standard Chartered Bank, all carrying ratings of 'IND AA+/Stable/IND A1+' or 'IND A1+'.
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CG Power and Industrial Solutions 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 CG Power and Industrial Solutions Limited. Read the original for the full detail.