Care Ratings Limited (CARE) has assigned credit ratings to facilities of O2 Power Private Limited, a step-down subsidiary of JSW Energy. Short-term bank facilities are rated CARE A1+ and reaffirmed at ₹2,395.00 Cr. Long-term bank facilities and commercial paper are rated CARE A+ and CARE A1+ respectively, both being assigned at ₹405.00 Cr and ₹300.00 Cr.
Credit Rating Announcement
JSW Energy announced that Care Ratings Limited (CARE) has assigned credit ratings to the facilities of its step-down subsidiary, O2 Power Private Limited.
Ratings Breakdown
The following ratings have been assigned:
- Short-term bank facilities: CARE A1+ and reaffirmed at ₹2,395.00 Cr (Enhanced from ₹2,000.00 Cr)
- Long-term bank facilities: CARE A+, assigned at ₹405.00 Cr
- Commercial paper: CARE A1+, assigned at ₹300.00 Cr
Source: BSE