India Ratings and Research (Ind-Ra) has affirmed Genus Power Infrastructures Ltd’s (GPIL) Long-Term Issuer Rating at ‘IND A+’, on December 07, 2022.

The Outlook is Stable.

The instrument-wise rating actions are given below:-

Instrument Type Maturity Date Size of Issue (billion) Rating/Outlook Rating Action
Long-term loan March 2023 INR 0.01 (reduced from INR 0.17) IND A+/Stable Affirmed
Fund-based limits INR 2.91 (increased from INR 2.51) IND A+/Stable/IND A1 Affirmed
Non-fund-based Limits INR 11.0 (increased from INR 7.85) IND A+/Stable/IND A1 Affirmed
Term loan March 2030 INR 0.2 IND A+/Stable Assigned
Commercial paper (CP)* Up to 365 days INR 1.0 IND A1 Affirmed

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