CARE reaffirms ‘BBB’ rating to long term bank facilities of Indiabulls Power

Credit Analysis & Research (CARE), a premier credit rating agency of the country, has reaffirmed the ‘BBB’ rating to the long term bank facilities of Indiabulls Power. The rating committee took the above step after a review of the operational and financial performance of the company.

The rating committee has also reaffirmed the ‘BBB’ rating to the long term bank facilities of Indiabulls Realtech (IRL) a wholly owned subsidiary of the company, after a review of the operational and financial performance of IRL.

Indiabulls Power was established to capitalize on emerging opportunities in the Indian power sector. It develops and intends to operate and maintain power projects in India.