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Long-term loan March 2023 INR 0.01 WD Withdrawn (paid in full)
Term loan March 2023 INR 0.2 WD Withdrawn (paid in full)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

Genus Initiates Smart Meter Installation in Uttarakhand for Enhanced Power Efficiency

Genus becomes first and only Indian Company to get BIS certification for Gas Meters