Company UpdateCredit Rating
India Ratings affirms Waa Solar bank loan facilities at IND BBB+/Stable/IND A2+, Rating Watch removed
Rating Action
- Affirmed bank loan facilities at IND BBB+/Stable/IND A2+; Off Rating Watch.
- Total facilities amount to INR 2,123.80 million.
- Outlook on ratings is Stable.
- Rating Watch with Developing Implications resolved.
Instruments & Ratings
- Term loans outstanding: INR 1,840 million and INR 260 million.
- Bank guarantee outstanding: INR 23.80 million.
- Overall instrument rating: IND BBB+/Stable/IND A2+.
- Regulators: RBI for bank loans and guarantees.