Crisil Rating Limited revised long-term bank features and its attitude for non-convertible debentures of Adani Green Restricted Group 1 for ‘positive’ and confirmed the rating on ‘CRISIL AA+’.
Outlook Amendment on the group – Prayatna Developers Private., Pramujya Solar Energy Pvt. Crisil said in a statement that Adani Green Energy (UP) Limited – reflects the actual generation continuously better than the P90 level and the time of $ 500 million bonds.
Adani Green was better than the P90 plant load factor in FY 2024 in Group 1 and the calendar year 2024, leading to better performance and debt servicing cushion expectations.
The rating reflects strong revenue visibility as long -term power purchases in a healthy tariff, the couple. “These strengths are partially offset by exposure to the risks contained in solar-energy assets and adverse movement in foreign currency.”
The payment track record in projects has been healthy, with the payment cycle to suit PPA conditions over the years, it has been said.
(Tagstotranslet) Adani Green Energy Limited
