India Ratings Affirms Waa Solar Ltd's Bank Loan Facilities with IND BBB+/Stable Rating
Waa Solar Ltd has received a credit rating from India Ratings & Research Private Limited, affirming its existing bank loan facilities. The rating was issued on July 13, 2026, and assigned an overall rating of 'IND BBB+/Stable/IND A2+' for the company's total facility.The assessment by India Ratings & Research resolved a previous Rating Watch related to Waa Solar Ltd's bank loan facilities. The ratings cover various instruments issued with State Bank of India.
According to details provided by India Ratings, the corporate entity maintains secured financing arrangements across multiple instruments. Key findings from the rating include:
| Instrument Description | Regulator of Instrument | Bank Name | Ratings | Outstanding/Rated Amount (INR million) |
|---|---|---|---|---|
| Term Loan | RBI | State Bank of India | INDBBB+/Stable | 1840.00 |
| Termloan | RBI | State Bank of India | INDBBB+/Stable | 260.00 |
| Bank guarantee | RBI | State Bank of India | INDBBB+/Stable/INDA2+ | 23.80 |
The rating assessment provided by India Ratings relied on factual information received from the issuer and external sources, conducted in accordance with its established ratings methodology. This provides assurance regarding the creditworthiness of Waa Solar Ltd's financing portfolio as assessed by the agency.
Stock Price Movement
Waa Solar Ltd settled Tuesday at ₹49.50, holding steady with zero change for the day. Shares traded within a narrow band, moving between an intraday low of ₹49.20 and a high of ₹49.50.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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