New Delhi, March 14 -- Waaree Renewable Technologies Limited (WRTL) has been raised from CARE A- to CARE A in the most recent ratings published by CARE Ratings, India's top credit rating agency, the company said in a release.

The rating of 'CARE A' are specifically for Long Term facilities i.e. term loans and 'CARE A' for Long Term / Short Term Facilities i.e. Fund-based/Non - fund based limits.

The upward rating reflects Waaree Renewable's strong financial stability, including aspects of operational and financial performance based on FY24 financials as well as performance during the nine-month period of FY25, i.e., the last financial quarter.

The company said that the improved rating highlights the company's robust financial health ba...