India Ratings assigns JSW Energy's arm BLMCL term loans IND AA- (CE); Outlook Stable

Barmer Lignite Mining, JV of the company’s long-term bank facilities.

Sep 24, 2021 04:09 IST India Infoline News Service

JSW Energy
India Ratings and Research (Ind-Ra) has assigned a long-term rating of 'IND AA- (CE) / Stable' and an Unsupported rating of 'IND A / Stable' on Barmer Lignite Mining Company Limited’s (BLMCL), Joint Venture of JSW Energy Limited long-term bank facilities.

“Ind-Ra has equated the rating of term loans with those of BLMCL’s 49% parent JSW Energy (Barmer) Limited (JSWEBL; ‘IND AA-’/Stable), as the loans are backed by an unconditional and irrevocable pre-default guarantee provided by JSWEBL.

JSW Energy Ltd ended at Rs350 per piece down by Rs0.6 or 0.17% from its previous closing of Rs350.60 per piece on the BSE.

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