Acuité Rates Sterling and Wilson Renewable Energy Instruments; Some Facilities Downgraded
Sterling and Wilson Renewable Energy Ltd has seen its credit ratings updated by Acuité Ratings & Research Limited for various instruments. The rating actions pertain to both long-term and short-term bank facilities, as well as commercial paper.The review of the company's financial strength resulted in several downgrades and withdrawals across different facility types. The reports detail specific outcomes for each instrument and corresponding amounts (in INR Crore).
Details of the rating actions issued by Acuité Ratings & Research Limited are provided below:
| Facility /Instrument | Amount (INR Crore) | Current Rating | Rating Action |
|---|---|---|---|
| Bank Facility/Loan (Long Term) | 4571.47 | ACUITE BBB- | Downgraded & Withdrawn |
| Bank Facility/Loan (Long Term) | 825.00 | ACUITE BBB-/ Negative | Downgraded |
| Bank Facility/Loan (Long Term) | 1628.53 | Not Applicable | Withdrawn |
| Bank Facility/Loan (Short Term) | 175.00 | ACUITE A3 | Downgraded |
| Bank Facility/Loan (Short Term) | 50.00 | ACUITE A3 | Downgraded & Withdrawn |
| Bank Facility/Loan (Short Term) | 200.00 | Not Applicable | Withdrawn |
| Commercial Paper | 100.00 | Not Applicable | Withdrawn |
The rating actions cover a range of facilities, with the long-term bank facility valued at 4571.47 INR Crore receiving a Downgraded & Withdrawn status with a rating of ACUITE BBB-. Additionally, one short-term bank loan worth 50.00 INR Crore was downgraded and withdrawn, retaining an ACUITE A3 rating.
The rationale behind the specified rating actions has been detailed in the comprehensive report provided by Acuité Ratings & Research Limited.
SWSOLAR Stock Price Movement
Shares of Sterling and Wilson Renewable Energy Limited are edging higher to ₹205.66 as of 2:16 PM today, gaining 0.82% in live trading. The stock registered solid volume during the session, with 417,270 shares traded so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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