Adani Power Ltd receives ICRA upgrade to [ICRA] AA+ (Stable) on long-term ratings covering ₹90,500 crore of facilities
- Short-term rating reaffirmed at [ICRA] A1+ for enhanced facilities.
- Ratings cover term loans, working-capital facilities, bank guarantees and non-convertible debentures.
- ICRA cited operational and financial strength, planned capacity additions, increased PPA tie-ups, competitive advantages and a diversified counterparty profile.