ACME Solar Holdings Limited has received a credit rating from ICRA Limited for its wholly owned subsidiary, ACME Sidlaghatta Solar Energy Private Limited. The rating applies to the subsidiary’s long-term fund-based term loan facility, providing transparency for investors regarding the financial standing of this specific renewable energy project.
Credit Rating Details
On May 05, 2026, ACME Solar Holdings Limited announced that the credit rating agency ICRA Limited has formally assigned a rating to the debt instruments of its subsidiary, ACME Sidlaghatta Solar Energy Private Limited. The assigned rating for the company’s long-term fund-based term loan is [ICRA]A-(Stable).
Loan Facility Overview
The rating specifically pertains to a long-term, fund-based term loan amounting to Rs. 57.24 crore. This financial assessment reflects the credit quality associated with the specific solar energy project under the subsidiary, providing stakeholders with clearer insights into the project’s risk profile and financial stability.
Accessing Further Information
The detailed rationale behind this credit rating decision has been published by the agency and is available for public review through the official ICRA Limited reporting portal. This update serves as part of the company’s ongoing commitment to financial transparency regarding its subsidiary operations.
Source: BSE
