India Ratings and Research (Ind-Ra) ) has upgraded Genus Power Infrastructures Ltd’s (GPIL) Long-Term Issuer Rating to ‘IND AA-’ from ‘IND A+’, on December 07, 2023.
The Outlook is Stable.
The instrument-wise rating actions are given below:-
| Instrument Type |
Maturity Date |
Size of Issue (billion) |
Rating/Outlook |
Rating Action |
| Fund-based limits |
- |
INR 2.91 |
IND AA-/Stable/IND A1+ |
Upgraded |
| Non-fund-based limits |
- |
INR 11.0 |
IND AA-/Stable/IND A1+ |
Upgraded |
| Term loan |
March 2029 |
INR 0.45 |
IND AA-/Stable |
Assigned |
| External commercial borrowing (ECB) |
- |
INR 4.16 |
IND AA-/Stable |
Assigned |
| Commercial paper (CP)* |
Up to 365 days |
INR 1.0 |
IND A1+ |
Upgraded |
| Long-term loan |
March 2023 |
INR 0.01 |
WD |
Withdrawn (paid in full) |
| Term loan |
March 2023 |
INR 0.2 |
WD |
Withdrawn (paid in full) |
| Non-fund-based limits |
- |
INR 6.71 |
IND AA-/Stable/IND A1+ |
Assigned |
