ACME Solar Holdings Limited has announced that the credit rating for its wholly owned subsidiary, ACME Dhaulpur Powertech Private Limited, has been reaffirmed. CRISIL Ratings Limited maintains the CRISIL AA-/Stable rating for the company’s total bank loan facilities amounting to Rs. 990 crore. This reaffirmation reflects the ongoing credit stability of the subsidiary within the ACME group’s portfolio.
Credit Rating Status
ACME Solar Holdings Limited confirmed that CRISIL Ratings Limited has successfully reaffirmed the credit rating for its subsidiary, ACME Dhaulpur Powertech Private Limited. The rating action pertains to total bank loan facilities valued at Rs. 990 crore, confirming the financial standing of the entity remains consistent with previous assessments.
Rating Details
The subsidiary has been assigned a long-term rating of CRISIL AA-/Stable. This rating signifies a stable outlook for the power project, indicating confidence in the subsidiary’s ability to meet its financial obligations. The reaffirmation follows a periodic review process, ensuring that stakeholders remain updated on the credit risk profile of the Rs. 990 crore facility associated with the Dhaulpur project.
Source: BSE
