Credit rating agency CRISIL has reaffirmed AA- rating to Inox Wind’s long term bank facilities which reflect instruments with high degree of safety. Additionally, the A1+ rating on the company’s short-term bank loan facilities has also been reaffirmed.
The rating agency has revised its outlook on the long-term bank facilities of the company to Negative from Stable. Its AA rating for long term instruments is the second highest rating by CRISIL for long term facilities and reflects instruments with high degree of safety.
The reaffirmation of ratings reflects Inox Wind’s leading market position, strong operating efficiency, healthy order book, strong technology tie-ups and robust execution capabilities.
Inox Wind offers its clients total wind power solutions including wind resource assessment, acquiring land, developing the entire site infrastructure, building the power evacuation system, supplying the WTGs, erection and commissioning services, long term operations and maintenance services as well as post-commissioning support.
