Sterling & Wilson Renewable Energy Limited announced an upgrade to its long-term bank facilities credit rating to IVR BBB+/Negative from IVR BBB/Stable. The rating applies to ₹5,675.99 crore in facilities. A rating of IVR A2 has been reaffirmed for short-term bank facilities. A long-term bank facility of ₹22.75 crore was withdrawn, and the outlook has been revised to negative for certain facilities.
Long-Term Bank Facilities Rating Upgrade
Sterling & Wilson Renewable Energy Limited has received an upgrade in its credit rating for long-term bank facilities. The rating has been upgraded to IVR BBB+/Negative from IVR BBB/Stable, applicable to facilities amounting to ₹5,675.99 crore. This upgrade is based on a review by Infomerics Valuation and Rating Limited, as per their letter dated December 16, 2025.
Short-Term Bank Facilities Rating Reaffirmed
The credit rating for short-term bank facilities, amounting to ₹175.00 crore, has been reaffirmed at IVR A2. This rating indicates a strong degree of safety regarding timely payment of financial obligations.
Withdrawal of Long-Term Bank Facility
A long-term bank facility amounting to ₹22.75 crore has been withdrawn, resulting in a revised total amount for long-term bank facilities. The withdrawal is based on the receipt of a no dues certificate from the lender.
Outlook Revision
The outlook for certain bank facilities has been revised to Negative, reflecting potential concerns identified in the credit rating review.
Detailed Facility Ratings
The breakdown of facilities and ratings is as follows:
- Long Term Bank Facilities: ₹0.00 crore (reduced from ₹22.75 crore) – Rating Withdrawn.
- Long Term Bank Facilities: ₹5,675.99 crore (enhanced from ₹4,693.11 crore) – Rating upgraded to IVR BBB+/Negative from IVR BBB/Stable.
- Short term Bank Facilities: ₹175.00 crore – Rating Reaffirmed at IVR A2.
- Long/Short term Bank Facilities: ₹53.00 crore – Rating Reaffirmed at IVR BBB+/Negative/ IVR A2; Outlook revised to Negative.
Source: BSE
