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ACME Solar Holdings Ltd announced that ICRA Limited (“ICRA”) has reaffirmed and assigned ratings for an enhanced amount of its outstanding instruments. Specifically, the rating for the Long term – Non-fund based – Others instrument has been reaffirmed at [ICRA]AA- (Stable) for a current rated amount of Rs 3,055.00 crore, previously rated at Rs 1,850.00 crore, while the Long term – Non-fund based – unallocated instrument carries a reaffirmed rating of [ICRA]AA- (Stable) for a current rated amount of Rs 445.00 crore, previously rated at Rs 650.00 crore; the total rated amount now stands at Rs 3,500.00 crore. The rating rationale from ICRA is accessible via a link provided within the company’s disclosure, and no other rating agencies were mentioned in connection with this update.
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