JSW Energy Limited announced that its step-down wholly owned subsidiaries have been assigned credit ratings by ICRA Limited. JSW Renew Energy Thirty Seven Limited, JSW Renew Energy Thirty Eight Limited, and JSW Green Energy Nineteen Limited each received an ‘[ICRA]A(Stable)’ rating for long-term bank facilities and ‘[ICRA]A2+’ for short-term facilities. These stable ratings reflect the subsidiaries’ solid financial standing and operational capabilities.
Subsidiary Credit Ratings Assigned
JSW Energy Limited has disclosed the assignment of credit ratings to three of its key step-down wholly owned subsidiaries. The ratings were issued by ICRA Limited and pertain to the long-term bank facilities of these entities. This development is significant as it impacts the subsidiaries’ ability to access and cost of capital.
Subsidiaries and Assigned Ratings
The following subsidiaries have been assigned credit ratings:
- JSW Renew Energy Thirty Seven Limited: Assigned ‘[ICRA]A(Stable)’ for long-term facilities and ‘[ICRA]A2+’ for short-term facilities.
- JSW Renew Energy Thirty Eight Limited: Assigned ‘[ICRA]A(Stable)’ for long-term facilities and ‘[ICRA]A2+’ for short-term facilities.
- JSW Green Energy Nineteen Limited: Assigned ‘[ICRA]A(Stable)’ for long-term facilities and ‘[ICRA]A2+’ for short-term facilities.
These ratings indicate a stable outlook for the financial health and operational performance of these subsidiaries within the renewable energy sector.
Further Information
The press releases detailing these rating assignments are available on the website of ICRA.
Source: BSE
