Tata Power gets AA rating from CRISIL for its debt instruments

Tata Power, India’s largest integrated power company has received AA rating from rating agency -- CRISIL -- for its proposed issue of Rs 1500 crore unsecured, listed, subordinated, debentures. CRISIL has also reaffirmed its rating on the company’s existing debt instruments and bank facilities at AA/stable/ A1+.

CRISIL’s rating on the bank facilities and debt instruments of Tata Power, continue to reflect the company’s strong position in the electricity generation, transmission and distribution business, its stable licensee business that has regulated returns and the significant progress made by the company in its two key ongoing projects.