Ind Ra assigns JSW Energy (Kutehr)'s rupee term loan 'A+/Stable' rating

7 Jul 2022 , 02:28 PM

India Ratings and Research (Ind-Ra) has rated JSW Energy-led JSW Energy (Kutehr) Limited’s (JSWEKL) debt facilities.

Ind Ra has assigned a final rating as ‘IND A+/Stable’ of the rupee term loan and bank guarantee facilities of ‘JSW Energy (Kutehr) Limited’, a subsidiary of the Company. Further, bank gurantee has been assigned at ‘IND A+/Stable’.

According to the rating rationale report, the final rating has been assigned after the receipt of executed versions of the corporate guarantee and trust and retention account (TRA) agreement. The executed versions of these documents are consistent with the draft version, factored in at the time of assigning provisional ratings.

At around 2:29 PM, JSW Energy was trading at Rs211.20 per share up by Rs3.05 or 1.47% from its previous closing of Rs208.15 per share on the BSE.