Corporate Actions

Solarium Green Energy receives credit ratings from CARE Ratings, including Rs 10.00 for bank facilities

07-Aug-26   18:05 Hrs IST
Solarium Green Energy Ltd announced credit rating actions from multiple agencies, including CARE Ratings Limited, CARE Ratings Ltd., and CareEdge Ratings. CARE Ratings Limited assigned a CARE BBB-; Stable / CARE A3 rating to Long Term / Short Term Bank Facilities amounting to Rs 10.00, reaffirmed a CARE BBB-; Stable/ CARE A3 rating to Long Term / Short Term Bank Facilities with an enhanced limit from Rs 47.00 to Rs 70.00, assigned a CARE A3 rating to Short Term Bank Facilities of Rs 13.00, and withdrew a Long Term Bank Facilities rating of Rs 0.00; additionally, CARE Ratings Ltd. reported ratings reflecting opinions as on the date of the rating, and noted that some bank facilities are under review due to a lack of cooperation from the issuer, while CareEdge Ratings indicated that ratings reflect opinions as on the date of the rating, with no specific instrument details provided.

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