Fitch assigns ReNew Power’s proposed US dollar senior secured notes ‘BB-‘ rating
Fitch Ratings on Monday said it has assigned clean energy firm ReNew Power’s proposed US dollar senior secured
notes a rating of ‘BB-‘ with a stable outlook. According to Fitch Ratings, ‘BB’ ratings indicate an elevated vulnerability to default risk, particularly in the event of adverse changes in business or economic conditions over time.
However, business or financial flexibility exists that supports the servicing of financial commitments, as per Fitch Ratings.
“Fitch Ratings has assigned a rating of ‘BB-‘ to ReNew Power Private Limited’s (ReNew, BB-/Stable) proposed US dollar senior secured notes,” the rating agency said in a statement.
