CareEdge Ratings has assigned CARE AA; Stable credit rating to Adani Power’s additional term loan facilities. The agency has also reaffirmed the CARE AA; Stable rating assigned to the company’s existing bank facilities and proposed Non-Convertible Debentures (NCDs). The combined rated facilities total ₹69,000 crore.
Credit Ratings Update
Adani Power has received updated credit ratings from CareEdge Ratings. The ratings reflect the company’s strong revenue visibility, stable operating performance, and robust balance sheet.
Ratings Breakdown
The following ratings actions have been taken:
Bank Loan Facilities:
₹46,000 crore: CARE AA/Stable/CARE A1+ Reaffirmed
₹12,000 crore: CARE AA/Stable/CARE A1+ Assigned
Proposed NCDs:
₹11,000 crore: CARE AA/Stable Reaffirmed
Total Rated Facilities: ₹69,000 crore
Factors Influencing the Ratings
The ratings are supported by Adani Power’s strong revenue visibility due to a high degree of tie-ups, stable operational performance, and a robust balance sheet.
Source: BSE
