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CARE reaffirms ratings of RattanIndia Power’s bank facilities

03 Sep 2015 Evaluate

Credit rating agency, CARE has reaffirmed ‘BBB-’ rating to RattanIndia Power’s long-term bank facilities worth Rs 7692.14 crore. The rating agency has also reaffirmed ‘A3’ rating to the company’s short-term bank facilities worth Rs 265.00 crore.

The ratings assigned to the bank facilities of the company take into consideration the achievement of Commercial Operation Date (COD) for Phase-I of Amravati Power Project (APP-I).

RattanIndia Power (formerly Indiabulls Power) was established to capitalize on emerging opportunities in the Indian power sector. It develops and intends to operate and maintain power projects in India.

Peers
Company Name CMP
NTPC 314.10
Tata Power 349.30
Adani Power 196.30
Power Grid Corpn. 250.00
Adani Energy Solut. 1352.70
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