Credit rating agency -- ICRA has upgraded the long-term rating and short-term rating on rated instruments of Reliance Power’s wholly owned subsidiary-- Rosa Power Supply Company (RPSCL) to ‘B+’ (Stable Outlook)' and ‘A4’ respectively from ‘D’. The ratings are based on regularization of debt servicing in the current financial year by the company, track record of the plant operations and the adequate coal availability.
Reliance Power, a part of the Reliance Group, is India’s leading private sector power generation and coal resources company. The company has the largest portfolio of power projects in the private sector, based on coal, gas, hydro and renewable energy.
