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CRISIL upgraded ACME Solar’s credit rating to AA-/Stable, citing strong finances and growth plans, boosting its stock.
CRISIL upgraded ACME Solar’s long-term credit rating to AA-/Stable from A+/Positive, citing improved financial health, strong cash flows, and a robust project execution record.
The upgrade reflects the company’s expanded renewable energy portfolio, diversified operations, and solid liquidity, supporting its plan to develop 2.84 GW of new projects.
The higher rating is expected to lower debt costs and improve access to capital, aiding future growth.
Shares rose nearly 3% following the news, reaching a market cap near ₹17,500 crore.
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CRISIL actualizó la calificación crediticia de ACME Solar a AA-/Stable, citando fuertes finanzas y planes de crecimiento, aumentando su stock.