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India Ratings assigns ‘AA+’ rating to Adani Transmission’s Rs 1250 crore NCDs issue

08 Jun 2016 Evaluate

Credit rating agency, India Ratings & Research has assigned ‘AA+’ rating to Adani Transmission’s Rs 1250 crore Non-Convertible Debentures (NCDs) issue. These NCDs 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 314.00
Tata Power 352.45
Adani Power 195.50
Power Grid Corpn. 249.75
Adani Energy Solut. 1363.50
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