CARE reaffirms ‘BBB+’ ratings to GMR Infrastructure’s Long-term Bank Facilities

Credit rating agency, CARE has reaffirmed ‘BBB+’ rating to GMR Infrastructure’s Long-term Bank Facilities worth Rs 2493.5 crore which was enhanced from Rs 1493.5 crore.

The company has received the ratings on the back of its diversified portfolio of assets and established track record in identification of strong assets and demonstrated project execution skills and fund raising ability.

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. The company has 14 power generation assets of which 8 are operational and 6 are under various stages of development and 8 Road assets, of which 7 are operational and one is under construction.