The rating agency said that the upgrade in rating reflects Crisil Ratings expectation of strengthening in Adani Power's overall credit risk profile with strong improvement in the business parameters on account of increase in proportion of tied-up capacities as well as fuel linkages.
New Delhi [India], June 19 (ANI): Crisil has downgraded the rating on long-term bank facilities of state-owned engineering major Bharat Heavy Electricals Ltd (BHEL) from AA/negative to AA-minus/negative.
Mumbai (Maharashtra) [India], July 1 (ANI): Brickwork Ratings has downgraded the rating of Reliance Infrastructure's bank loan facilities worth Rs 1,151 crore to D from C, citing deterioration in credit risk profile.