Instrument
Type |
Date
of Issuance |
Coupon
Rate |
Maturity
Date |
Size
of Issue (million) |
Rating/Rating
Watch |
Rating
Action |
Term loans |
- |
- |
15 September 2028 |
INR53.1 |
IND BBB/RWE |
Placed on RWE |
Non-fund-based
working capital facilities |
- |
- |
- |
INR346.6 |
IND A2/RWE |
Placed on RWE |
KEY RATING DRIVERS
The RWE
follows the information of an amalgamation of BRPL with its subsidiary
Baidyanath Power Private Limited. Ind-Ra will continue to closely monitor the developments
and resolve the RWE once it has additional information on the completion of the
proposed merger and its impact on BRPL’s business and financial profile. The
transaction is subject to approvals from the High Court.
RATING SENSITIVITIES
COMPANY PROFILE
RATING HISTORY
COMPLEXITY LEVEL OF INSTRUMENTS
For details
on the complexity level of the instruments please visit https://www.indiaratings.co.in/complexity-indicators.
SOLICITATION DISCLOSURES
Additional information is available at www.indiaratings.co.in. The ratings above were solicited by, or on behalf of, the issuer, and therefore, India Ratings has been compensated for the provision of the ratings.
Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment, loan or security or to undertake any investment strategy with respect to any investment, loan or security or any issuer.
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