India, July 25 -- CRISIL Rates ACME Deoghar & Phalodi Solar Projects 'AA-/Stable'
CRISIL Ratings has assigned a 'CRISIL AA-/Stable' rating to the long-term bank facilities of Rs 2,086 crore for ACME Deoghar Solar Power Private Limited (ADSPPL) and ACME Phalodi Solar Power Private Limited (APSPPL), both wholly-owned subsidiaries of ACME Solar Holdings Limited (Acme Solar). These ratings pertain to their renewable energy projects located in Rajasthan, which together have an installed capacity of 600 MW, financed through term loans from Power Finance Corporation Limited.
The rating reflects strong revenue visibility, solid financial metrics, robust debt servicing ability, and a secure cash flow structure. A major strength supporting the AA-/S...