Credit rating agency, CARE has assigned ‘AA’ rating to Reliance Infrastructures’ Long-term fund-based bank facilities worth Rs 400 crore. The rating agency has also assigned ‘A1+’ rating to the company’s short-term fund-based bank facilities worth Rs 300 crore.
The company has received the said ratings on the back of its strong and stable cash flows from the power distribution business in the Mumbai distribution area
Recently, India Ratings downgraded Reliance Infrastructure’s long-term issuer rating to ‘AA-’ from ‘AA’, with a stable outlook.
Reliance Infrastructure is the largest infrastructure company developing projects, through various Special Purpose Vehicles; in several high growth areas in Infrastructure sector i.e. Roads, Metro Rail, Airports, etc. The Company is also leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution, EPC and Trading.
