Torrent Power Limited has announced that CRISIL Ratings has assigned a long-term credit rating of "CRISIL AA+/Stable" to its proposed non-convertible debentures amounting to ₹2000 Crore. The rating agency also reaffirmed the long-term rating of "CRISIL AA+/Stable" for existing long-term bank loan facilities and non-convertible debentures worth ₹3140 Crore. Furthermore, CRISIL Ratings has reaffirmed the short-term rating for bank loan facilities and commercial paper as "CRISIL A1+". The rationale provided by CRISIL Ratings for these ratings is attached to the announcement.
