JSW Energy Limited announced that CARE Ratings has reaffirmed and upgraded the long-term bank facilities ratings for several of its step-down subsidiaries. Two subsidiaries, O2 Renewable Energy XII Private Limited and O2 Renewable Energy XV Private Limited, received upgrades, while others were reaffirmed at CARE A+; Stable. This reflects the credit rating agency’s positive assessment of the financial standing and operational capabilities of these entities.
Key Subsidiaries Receive Credit Rating Boost
JSW Energy Limited has disclosed a significant development regarding the credit ratings of its subsidiaries. On 31st August 2026, CARE Ratings Limited (CARE) reaffirmed and upgraded the ratings assigned to the long-term bank facilities of various step-down subsidiaries of JSW Energy. This positive assessment from the credit rating agency underscores the improving financial health and creditworthiness of these operational entities within the JSW Energy group.
Detailed Rating Actions
The announcement details specific rating actions for six subsidiaries. Notably, O2 Renewable Energy XII Private Limited and O2 Renewable Energy XV Private Limited have been upgraded by CARE. The remaining subsidiaries, including ES Sun Power Private Limited, ES Energy Private Limited, ES Solar Private Limited, and O2 Renewable Energy II Private Limited, have had their existing ratings reaffirmed. All rated facilities maintain a rating of CARE A+; Stable, indicating a strong capacity to meet financial commitments.
The press release detailing these rating actions is available on the CARE Ratings website at www.careratings.com.
Source: BSE
