Crisil Limited Reaffirms AA- Ratings for Inox Wind
DSIJ Intelligence / 14 Jun 2017
CRISIL Limited (CRISIL) has reaffirmed the ‘CRISIL AA-' rating for Inox Wind’s Long-Term Bank Facilities and ‘CRISIL A1+' rating for Short Term Bank Facilities, the company informed the bourses.
CRISIL Limited (CRISIL) has reaffirmed the ‘CRISIL AA-' rating for Inox Wind’s Long-Term Bank Facilities and ‘CRISIL A1+' rating for Short Term Bank Facilities, the company informed the bourses. Inox Wind Limited is an integrated wind energy solutions provider. The company is engaged in the manufacture of wind turbine generators.
CRISIL’s AA rating for long-term instruments is the second highest rating for long-term facilities and reflects high degree of safety regarding timely servicing of financial obligations and very low credit risk.
According to a BSE filing, CRISIL’s A1 rating is the highest rating given for short-term facilities and reflects instruments with the highest degree of safety and lowest credit risk.
Inox Wind is well placed to capitalise on the long-term opportunities given its cost competitiveness and established market position under the auction regime, CRISIL further added.
Meanwhile, Inox Wind was down 0.9% at Rs 136.45 per share at 1240 hours IST on BSE.
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