20-Aug-2026      12:52

CARE Ratings reaffirmed AAA and A1+ ratings for Gujarat Energy Ltd’s Rs 12,836 crore bank facilities

Gujarat Energy Ltd announced reaffirmations, initial assignments, and withdrawals across various instruments, as detailed by multiple rating agencies. CARE Ratings Ltd. reaffirmed the ratings for Long-term / Short-term bank facilities at Rs 12,836.00 with CARE AAA; Stable / CARE A1+ (enhanced from Rs 2,900.00), while also assigning a Long-Term Debt rating of AAA with a Stable Outlook for Rs 1000 crore; CARE Ratings Limited (CareEdge Ratings) expects the Total debt to earnings before interest, taxation, depreciation, and amortisation (TD/EBITDA) to remain at ~Rs 1.0x, maintaining a Stable outlook reflecting expectations of a strong market position and robust financial performance, and CRISIL affirmed the Commercial Paper rating at Rs 500 crore with an A1+; details regarding a credit rating published by an unspecified agency are not provided in the text, and CARE Ratings Limited noted performance moderation in FY26 due to lower industrial gas demand and supply disruptions.

News source: Capital Market - Live News