CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power, a subsidiary of Jindal Steel and Power Ltd (JSPL).<\/p>\n
“CARE has reaffirmed stable outlook credit rating of A- (Single A minus) to Jindal Power which operates the 3,400 MW OP Jindal Super Thermal Power Plant at Tamnar, Chhattisgarh,” JSPL said in a statement Friday. <\/p>\n
According to information on CARE Ratings website, instruments with CARE A rating are considered to have an adequate degree of safety regarding timely servicing of financial obligations.<\/p>\n
Such instruments carry low credit risk, while the modifier (-) reflects comparative standing within the category.<\/p>\n
The ‘stable’ outlook indicates expected stability (or retention) of the credit ratings in the medium term.<\/p>\n
JSPL further said the reaffirmation of the rating was amid cost competitiveness of the company’s power plants and their favourable location leading to competitive variable cost.<\/p>\n
“The ratings also derive comfort from revenue visibility from medium\/long term PPAs (power purchase agreements) in place for its capacity and demonstrated ability of the company to enter into short-term PPAs and undertake merchant sales at remunerative tariffs,” it added.<\/p>\n","protected":false},"excerpt":{"rendered":"
CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power, a subsidiary of Jindal Steel and Power Ltd (JSPL). “CARE has reaffirmed stable outlook credit rating of A- (Single A minus) to Jindal Power which operates the 3,400 MW OP Jindal Super Thermal Power Plant at Tamnar, Chhattisgarh,” JSPL said in a statement Friday. According to information on CARE Ratings website, instruments with CARE A rating are considered to have an adequate degree of safety regarding timely servicing of financial obligations. Such instruments carry low credit risk, while the modifier (-) reflects comparative standing within the category. The ‘stable’ […]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-184175","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/184175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=184175"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/184175\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=184175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=184175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=184175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}