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Every announcement, straight from the exchange
Every Torrent Power credit rating announcement on NSE and BSE, newest first, each with its own page.
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India Ratings and CRISIL assigned AA+ ratings to proposed NCDs and reaffirmed existing ratings for Torrent Power. The company's outlook is stable across both agencies.
CRISIL Ratings has assigned a 'CRISIL AA+/Stable' rating to Torrent Power Limited's proposed ₹4000 Crore NCDs and re-affirmed the same for ₹4735 Crore of existing NCDs. Ratings for bank facilities and commercial paper were also re-affirmed at 'CRISIL AA+/Stable' and 'CRISIL A1+', respectively, reflecting the company's strong profitability and steady cash flows.
Torrent Power Limited received credit rating updates from India Ratings and Research. The agency assigned an 'IND AA+/Stable' rating to ₹4000 Crore proposed NCDs and reaffirmed the same for ₹3700 Crore existing NCDs. Commercial paper worth ₹1650 Crore was affirmed at 'IND A1+', reflecting the company's strong regulated business model and healthy credit metrics.