Juniper Green Energy Limited has announced the withdrawal of its credit rating for a ₹83.24 crore term loan facility. The loan, provided by Indian Renewable Energy Development Agency Limited (IREDA), has been fully repaid. Consequently, India Ratings and Research (Ind-Ra) has withdrawn the rating as it is no longer required to be maintained, signifying a positive development in the company’s financial management and debt reduction.
Credit Rating Withdrawal Announced
Juniper Green Energy Limited has informed stakeholders about the withdrawal of a credit rating associated with a significant term loan. The loan, amounting to ₹83.24 crore, was originally availed from the Indian Renewable Energy Development Agency Limited (IREDA).
Loan Repayment and Rating Status
The company has confirmed the full repayment of this term loan facility. Following the repayment and receipt of a no-dues certificate from IREDA, the necessity to maintain the credit rating for this specific facility has ceased. As a result, India Ratings and Research Private Limited (Ind-Ra), the rating agency, has withdrawn the credit rating assigned to this loan, as requested by Juniper Green Energy Limited.
Details of the Withdrawn Facility
The withdrawn rating pertains to a Term Loan with a principal amount of ₹83.24 crore. This action aligns with Ind-Ra’s policy on the withdrawal of ratings, especially when the underlying financial obligation has been settled and the issuer requests such withdrawal.
A press release detailing this withdrawal has been published by Ind-Ra and is available for public viewing.
Source: BSE
