Credit rating agency, CARE Ratings has revised ratings on Reliance Infrastructure’s Long Term bank facilities and Non convertible debentures to ‘A-’ Credit Watch with Developing implications from ‘A-’ Credit Watch with Negative implications and for short term bank facilities to ‘A2+’ Credit Watch with Developing implications from ‘A2+’ Credit Watch with Negative implications.
Moreover, another credit rating agency, CRISIL has revised ratings watch on the company’s Long Term Non convertible debentures to ‘BBB+’ Rating Watch with Developing implications from ‘BBB+’ Rating Watch with Negative implications.
The revision in ratings is reflective of the steps taken by the company for deleveraging through various divestment initiatives including the recently announced sale of the Mumbai Power business.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
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