Credit rating agency, ICRA has reaffirmed the long term rating of ‘AA’ and short term rating of ‘A1+’ assigned earlier to the Rs 5,149 crore Line of Credit of Alstom T&D India.
The credit rating agency has also assigned a long term rating of ‘AA’ and ‘A1+’ to the additional unallocated limits of Rs 851 crore. The outlook on the long term rating is stable.
Alstom T&D India is part of Alstom Grid, a global player in electrical grids. The company’s India operations account for over 13% of overall revenues garnered by Alstom Grid’s global operations. Apart from India business, other major contributors are the operations in France, the US, Germany and China.
