CRISIL Reaffirms AAA Rating for Hitachi Energy India Ltd's Creditworthiness on ₹6,000 Crore Bank Facilities
CRISIL Ratings Limited has reaffirmed the long-term credit rating and reassigned the short-term credit rating for Hitachi Energy India Ltd.'s total bank loan facilities amounting to INR 6,000 Crores. The ratings action reflects continuous surveillance of the company's debt instruments.The details of the rating actions by CRISIL Ratings on the specified financial facilities are as follows:
| Rating Action | Amount and Rating |
|---|---|
| Total Bank Loan Facilities Rated | Rs. 6,000 Crores |
| Long Term Rating | CRISIL AAA/Stable (Reaffirmed) |
| Short Term Rating | CRISILA1+ (Reassigned) |
The ratings reaffirmation and reassignment confirmed that there was no change in the existing credit rating of Hitachi Energy India Limited, with the exception of the short-term rating assignment.
For a detailed view of all outstanding facilities and their respective ratings, the following summary of bank-wise facilities has been provided:
| Category | Total Amount (Rs. in Crores) |
|---|---|
| Fund-Based Facilities | 102 |
| Non-Fund Based Limit | 5,898 |
| Total | 6,000 |
The facilities include various non-fund based limits assigned by institutions such as Standard Chartered Bank, Axis Bank Limited, Kotak Mahindra Bank Limited, and Deutsche Bank A.G., among others.
POWERINDIA Stock Price Movement
Hitachi Energy India Limited shares today slipped by 1.63% to settle at ₹36090, closing well below its opening price of ₹36850. The stock concluded trading with a volume of 127,853 shares after testing intraday lows near ₹36015.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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