ACME Solar Holdings Ltd. Receives Credit Rating Reaffirmation and Assignment from ICRA Limited
ACME Solar Holdings Ltd. announced a reaffirmation and assignment of credit ratings from ICRA Limited, as of April 1, 2026. The ratings pertain to enhanced amounts compared to previous ratings.ICRA Limited has reaffirmed and assigned ratings for a total rated amount of ₹2,500 crore. Specifically, the Long term-Non-fund based-Others instrument has been reaffirmed at [ICRA]AA-(Stable) for an amount of ₹1,850 crore, up from a previous amount of ₹1,500 crore. Additionally, a new rating of [ICRA]AA-(Stable) has been assigned to the Long term-Non-fund based-unallocated instrument, with an amount of ₹650 crore.
A detailed rating rationale from ICRA Limited is available at https://www.icra.in/Rationale/ShowRationaleReport?Id=142162.
The information follows an earlier intimation dated January 02, 2026.
| Instrument | Previous rated amount (Rs. Crore) | Current rated amount (Rs. Crore) | Rating Action |
|---|---|---|---|
| Long term-Non-fund based-Others | 1,500 | 1,850 | [ICRA]AA-(Stable); reaffirmed/assigned for enhanced amount |
| Long term-Non-fund based-unallocated | - | 650 | [ICRA]AA-(Stable); assigned |
| Total | 1,500 | 2,500 |
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