ICRA Reaffirms KPI Green Energy’s Credit Ratings on Expanded Facilities
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ICRA Limited has reaffirmed KPI Green Energy Limited's credit ratings for various bank facilities, maintaining [ICRA] A (Stable) for long-term and [ICRA] A2+ for short-term facilities. The rated amount has been enhanced to Rs. 5,775 crore for bank facilities and Rs. 643.20 crore for non-convertible debentures at [ICRA] AA+ (CE) (Stable). This reflects the company's credit strength and financial flexibility as it expands its renewable energy operations, particularly in solar power projects, supporting India's clean energy market.
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