Loading…
IREDA

Credit Rating

Summary of Bonds / Bank Loans Rated by Rating Agencies

Rating Agency Instrument/Purpose/Issue Rating Date of issue/surveillance of rating
ICRA Limited Tax-free bonds (₹ 20000 million) Fiscal 2015-16 ICRA AA+ (Positive) Reaffirmed July 05,2022
Taxable Green bonds (₹ 7000 million) Fiscal 2016-17 ICRA AA+ (Positive) Reaffirmed July 05,2022
GOI Fully Serviced Bonds (₹ 16400 million) Fiscal 2016-17 ICRA AAA (Positive) Reaffirmed July 05,2022
India Ratings Research Private Limited Tax-free bonds (₹ 20000 million) Fiscal 2015-16 IND AA+ (Positive) Affirmed July 8, 2022
Taxable Green bonds (₹ 7000 million) Fiscal 2016-17 IND AA+ (Positive) Affirmed July 8, 2022
Taxable Bonds (₹ 8650 million) Fiscal 2018-19 IND AA+ (Positive) Affirmed July 8, 2022
Taxable Tier-II Sub Debt (₹ 1500 million) Fiscal 2018-19 IND AA+ (Positive) Affirmed July 8, 2022
GOI Fully Serviced Bonds (₹ 16400 million) Fiscal 2016-17 IND AAA (Positive) Affirmed July 8, 2022
Taxable Bonds (Rs. 18030 Million Fiscal 19-20 Series IX-A & IX-B IND AA+ (Positive) Affirmed July 8, 2022
Taxable Tier-II Sub Debt (Rs. 5,000 million) Fiscal 20-21 Series X IND AA+ (Stable) Affirmed July 8, 2022
CARE Edge Ratings Limited Taxable Bonds Series III-B & V CARE AAA (CE), Stable July 01, 2022
Tax Free Bonds Series-XIII CARE AAA (CE), Stable July 01, 2022
Taxable Green bonds Sr. VIA & VIB (₹7000 million) Fiscal 2016-17 CARE AA+, Stable July 01, 2022
GOI Fully Serviced Bonds (₹ 16400 million) Fiscal 2016-17 CARE AAA, Stable July 01, 2022
Brickwork Ratings  Long Term Taxable Bonds Series III-B & V BWR AAA (CE), Stable Reaffirmed June 29, 2022
Tax Free Bonds Series-XIII BWR AAA , Stable Reaffirmed June 29, 2022
Taxable Bonds (₹ 8650 million) Fiscal 2019 BWR AAA  , Stable Reaffirmed June 29, 2022
Taxable Tier-II Sub Debt (₹ 1500 million) Fiscal 2018-19 BWR AAA , Negative Reaffirmed June 29, 2022
Taxable Bond (Rs. 18030 million) Fiscal 19-20 Series IX-A & IX-B BWR AAA , Negative Reaffirmed June 29, 2022
Taxable Tier-II Sub Debt (Rs. 5000 million ) Fiscal 20-21 Series X BWR AAA , Negative Reaffirmed June 29, 2022

A) Bank loans

Rating agency Rating Term loans Issue date

Brickworks Rating

BWR AAA

Stable 

Term loan rated total of Rs.107000 million. Details of the allocation;

Loans/credit  facilities availed include:
  • PNB Bank: Term Loan Rs. 27, 000 million
  • SBI Term Loan: Rs. 34500  million.
  • SMBC : Rs. 3,500 million.
  • RBL : Rs. 3,000 million.
  • Yes Bank: Rs. 5,000 million
  • Bank of Baroda : Rs. 5,000 million
  • Bank of India : Rs. 29,000 milillon
June 29, 2022

B) Masala Bonds

Rating Agencies Long Term Issuer rating Instrument Amount Raised Surveillance date

Moody’s Rating

Baa3,Stable

Masala Bond

 

USD 300 Million

June 27, 2022

Fitch Rating

BBB-, Stable

Masala Bond

USD 300 Million

 June 20, 2022

 
Last Updated on 07/09/2022
img
img
img
img
img
img