Hot Pursuit

01-Sep-2026, 01:55

Adani Power Ltd announced that India Ratings and Research (Ind-Ra) has upgraded its Non-Convertible Debentures (NCDs) and bank loan facilities to ‘IND AA+’ with a Stable Outlook, from ‘IND AA’, while affirming the short-term debt at ‘IND A1+’; the agency has also assigned ratings to additional NCDs and bank loan facilities. Specifically, India Ratings and Research (Ind-Ra) upgraded the rating of Non-Convertible Debentures amounting to Rs 11,000 crore and Rs 11,500 crore to ‘IND AA+/Stable’, and upgraded the long-term rating of bank loan facilities totaling Rs 58,000 crore and Rs 10,000 crore to ‘IND AA+/Stable’ while affirming the short-term rating at ‘IND A1+’ for both.