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India Ratings assigns ratings to bank facilities of Adani Transmission

24 May 2016 Evaluate

Credit rating agency, India Ratings & Research has assigned Adani Transmission’s Rs 330 crore Non-Convertible Debentures (NCDs) and Rs 200 crore senior term loan final Long term rating at ‘AA+’ with Stable Outlook.

The above-mentioned facilities are part of the initially proposed Rs 7,000 crore long-term debt facilities which were assigned a Provisional ‘AA+’ rating with Stable Outlook.

Adani Transmission is engaged in providing establishing, commissioning, operating and maintaining electric power transmission systems in India. It offers operation and maintenance (O&M) support services. Adani Transmission operates as a subsidiary of Adani Enterprises.


Peers
Company Name CMP
NTPC 320.70
Tata Power 355.70
Adani Power 195.10
Power Grid Corpn. 259.90
Adani Energy Solut. 1365.10
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