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Ind Ra affirms SJVN's credit rating at 'IND AA+' with Stable outlook

Ind Ra has withdrawn rating on commercial papers worth Rs900 crore.

September 14, 2022 1:29 IST | India Infoline News Service
India Ratings and Research (Ind-Ra) has affirmed SJVN Limited's Long-Term Issuer Rating at ‘IND AA+’. The Outlook is Stable.

Also, Ind Ra has withdrawn rating on commercial papers worth Rs900 crore.

According to the rating rationale report, Ind-Ra continues to take a consolidated view of SJVN and its subsidiaries and joint ventures while arriving at the ratings, given the moderate-to-strong legal, operational and strategic linkages between them, and for this review, has also included the financials of SJVN’s 100% subsidiary, SJVN Thermal Private Limited (STPL).

At around 1:31 PM, SJVN Ltd is currently trading at Rs31.50 per share down by Rs0.2 or 0.63% from its previous closing of Rs31.70 per share on the BSE.

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