ICRA Limited has reaffirmed credit ratings for several step-down subsidiaries of JSW Energy, with most maintained at ICRA A+/Stable. Notably, JSW Vayu (Som) Private Limited had its rating upgraded from ICRA A-(Stable) to ICRA A+/Stable. These ratings reflect ICRA’s assessment of the financial health and stability of JSW Energy’s key subsidiary companies.
Credit Rating Update for JSW Energy Subsidiaries
JSW Energy announced that ICRA Limited has completed its credit rating review for its step-down subsidiaries. The ratings reflect the financial standing and performance capabilities of these entities.
Rating Actions Overview
The following subsidiaries have had their credit ratings reaffirmed at ICRA A+/Stable:
- Mytrah Vayu (Manjira) Private Limited
- Mytrah Vayu Urja Private Limited
- Bindu Vayu Urja Private Limited
- Mytrah Aadhya Power Private Limited
- Mytrah Vayu (Krishna) Private Limited
- JSW Vayu (Pennar) Private Limited
- JSW Aakash Power Private Limited
- JSW Abhinav Power Private Limited
- JSW Adarsh Power Private Limited
- JSW Advaith Power Private Limited
- JSW Akshaya Energy Private Limited
- JSW Vayu (Godavari) Private Limited
- JSW Vayu (Sabarmati) Private Limited
Mytrah Agriya Power Private Limited had its rating reaffirmed at ICRA A-/Stable.
Rating Upgrade
JSW Vayu (Som) Private Limited experienced a rating upgrade. Its credit rating was upgraded from ICRA A-(Stable) to ICRA A+/Stable.
Source: BSE
