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Corporate News 08-Apr-23

CARE withdraws ratings assigned to credit facilities of Adani Power

Adani Power announced that CARE Ratings, which had rated some of the standalone credit facilities of the company has withdrawn the said rating at the company's request.

Prior to the withdrawal, CARE Ratings also reviewed the assigned ratings and upgraded them from “CARE BBB-; CARE A3(Rating watch with positive implications)” to “CARE BBB+/Stable; CARE A2”.

The company presently has rating of “Ind A/Positive; Ind A1” from India Ratings and “CRISIL A/Stable” from CRISIL Ratings.

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