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.
