Sterling and Wilson Renewable Energy Limited has provided an update on its credit rating following an appeal against a rating assigned by Infomerics Valuation and Rating Limited. The credit rating agency has reaffirmed its ratings based on previous assignments. For long-term bank facilities, the rating has been upgraded to IVR BBB+/Negative from IVR BBB/Stable, with the outlook revised to Negative from Stable. The amount for these facilities has been enhanced to ₹5,675.99 crore from ₹4,693.11 crore. Another long-term bank facility of ₹0.00 crore (reduced from ₹22.75 crore) has been withdrawn based on a no-dues certificate from the lender. In addition, for short-term bank facilities, the rating has been upgraded to IVR A2 from IVR A3+. For combined long/short-term bank facilities, the rating has been upgraded to IVR BBB+/Negative/IVR A2 from IVR BBB/Stable/IVR A3+, with the outlook revised to Negative from Stable. The amount for these facilities is ₹53.00 crore. The rationale for these rating actions is detailed in the agency's report.