EnergyPre-market
S&P upgrades IREDA to ‘BBB’ with stable outlook
pre-market1 source ↓written by the desknot a recommendation
The Indian Renewable Energy Development Agency (IREDA) has been upgraded to a long-term issuer credit rating of ‘BBB’ from ‘BBB–’ by S&P Global Ratings, with a stable outlook. This upgrade aligns IREDA’s rating with India’s sovereign rating, enhancing its global funding capabilities and reducing capital costs.
This rating improvement reflects IREDA’s strong capitalization and healthy liquidity, which may boost investor confidence in both equity and debt markets. The upgrade reinforces IREDA's position as a leader in green financing in India.
Not investment advice. For informational purposes only.