Infomerics Valuation and Rating Limited has downgraded the credit ratings for Sterling and Wilson Renewable Energy Limited’s long-term and short-term bank facilities. The long-term bank facilities have been downgraded to IVR BBB/Stable, while short-term facilities face downgrades to IVR A3+. A ₹5,675.99 crore long-term facility also experienced a downgrade. One facility was withdrawn due to full repayment.
Rating Downgrade Details
Sterling and Wilson Renewable Energy Limited (S&W) has received notification of revised credit ratings from Infomerics Valuation and Rating Limited, impacting both long-term and short-term financial facilities. The announcement, dated December 09, 2025, outlines several key changes to the company’s credit profile.
Long-Term Bank Facilities
The credit rating for long-term bank facilities, amounting to ₹5,675.99 crore, has been downgraded to IVR BBB/Stable from IVR BBB+/Stable.
Short-Term Bank Facilities
The rating for short-term bank facilities has been downgraded to IVR A3+.
Facility Withdrawal
A long-term bank facility of ₹0.00 crore (reduced from ₹22.75 crore) has had its rating withdrawn following full repayment and a ‘No Dues Certificate’ from the lender.
Revised Ratings Summary
Here’s a summary of the key rating actions:
- Long-term Bank Facilities: Downgraded to IVR BBB/Stable on ₹5,675.99 crore.
- Short-term Bank Facilities: Downgraded to IVR A3+ on ₹175.00 crore.
- Long/Short Term Bank Facilities: Downgraded to IVR BBB/Stable / IVR A3+ on ₹53.00 crore.
- Long-term Bank Facilities: Rating Withdrawn on ₹0.00 crore.
Source: BSE
