Hot Pursuit
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.