Adani Power Limited has received an update on its credit ratings from ICRA Limited. The rating agency has assigned and reaffirmed ICRA AA/Stable and ICRA A1+ ratings for the company’s various debt facilities. These ratings apply to a combined total of Rs. 69,000 crore in fund-based and non-fund-based facilities, including term loans and non-convertible debentures, reflecting the company’s ongoing financial stability and credit profile as of April 17, 2026.
Breakdown of Rated Facilities
The total rated debt of Rs. 69,000 crore encompasses both long-term and short-term financial instruments. The ratings highlight the consistency in the company’s credit standing across its diverse financial obligations. The key components of the rated facilities include:
- Long-term Term Loans: Rs. 35,223.70 crore (Assigned/Reaffirmed at ICRA AA/Stable).
- Long-term Term Loans (Others): Rs. 15,050.00 crore (Reaffirmed at ICRA AA/Stable).
- Short-term Non-fund based Bank Guarantees: Rs. 7,726.30 crore (Assigned/Reaffirmed at ICRA A1+).
- Non-Convertible Debentures (NCDs): Rs. 11,000.00 crore (Reaffirmed at ICRA AA/Stable).
Rating Implications
The affirmation of the ICRA AA/Stable rating by the rating agency serves as an indicator of the company’s robust creditworthiness. Simultaneously, the ICRA A1+ rating for the short-term non-fund based facilities underscores the company’s strong liquidity position. These ratings provide confidence to investors and lenders regarding the management of existing bank facilities and the issuance of proposed financial instruments.
Source: BSE
