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 |
