SWSOLAR: Credit Rating Update by Infomerics Valuation and Rating Limited
Infomerics Valuation and Rating Limited has revised the credit ratings for Sterling and Wilson Renewable Energy Limited's bank facilities. Long term facilities enhanced to ₹5,675.99 crore are downgraded to 'IVR BBB/ Stable'.
Downgrading of credit ratings can impact the company's borrowing costs and investor confidence.
The credit rating for long term and short term bank facilities has been downgraded, indicating a negative outlook.
* Infomerics Valuation and Rating Limited has revised the credit ratings for Sterling and Wilson Renewable Energy Limited's bank facilities. * Long term Bank Facilities of ₹0.00 crore (reduced from ₹22.75 crore) - Rating Withdrawn. * Long term Bank Facilities of ₹5,675.99 crore (enhanced from ₹4,693.11 crore) - Rating Downgraded to 'IVR BBB/ Stable' (IVR Triple B with Stable outlook). * Short term Bank Facilities of ₹175.00 crore - Rating Downgraded to 'IVR A3+' (IVR A Three Plus). * Long/ Short term Bank Facilities of ₹53.00 crore - Rating Downgraded to 'IVR BBB/ Stable/ IVR A3+' (IVR Triple B with Stable Outlook and IVR A Three Plus). * The rationale for the rating actions is provided in the report.
What to do with a filing like this
Sterling and Wilson Renewable Energy 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 Sterling and Wilson Renewable Energy Limited. Read the original for the full detail.