{"id":283201,"date":"2019-07-19T05:59:45","date_gmt":"2019-07-19T05:59:45","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=283201"},"modified":"2019-07-19T05:59:45","modified_gmt":"2019-07-19T05:59:45","slug":"icra-revises-rating-for-reliance-powers-rs-8015-crore-debt-to-default","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/icra-revises-rating-for-reliance-powers-rs-8015-crore-debt-to-default\/","title":{"rendered":"Icra revises rating for Reliance Powers\u2019 Rs 8,015-crore debt to \u2018default\u2019"},"content":{"rendered":"<p>Icra on Thursday downgraded Reliance Power\u2019s (RPower) borrowings worth Rs 8,015 crore to the default grade, citing non-cooperation from the issuer. The company\u2019s total debt stood at Rs 31,697 crore at the end of March 2018. That RPower has defaulted was confirmed by the signing of an inter-creditor agreement (ICA) between its six lenders on July 6, Icra said.<\/p>\n<p>The downgraded facilities include long-term non-convertible debentures (NCDs) worth Rs 1,000 crore, bank guarantees and letters of credit worth Rs 3,712 crore, long-term loans worth Rs 2,183 crore, long-term fund-based limits worth Rs 80 crore, short-term non-fund-based limits worth Rs 40 crore as well as commercial papers (CPs) and short-term NCDs worth Rs 1,000 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Icra on Thursday downgraded Reliance Power\u2019s (RPower) borrowings worth Rs 8,015 crore to the default grade, citing non-cooperation from the issuer. The company\u2019s total debt stood at Rs 31,697 crore at the end of March 2018. That RPower has defaulted was confirmed by the signing of an inter-creditor agreement (ICA) between its six lenders on July 6, Icra said. The downgraded facilities include long-term non-convertible debentures (NCDs) worth Rs 1,000 crore, bank guarantees and letters of credit worth Rs 3,712 crore, long-term loans worth Rs 2,183 crore, long-term fund-based limits worth Rs 80 crore, short-term non-fund-based limits worth Rs 40 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-283201","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283201","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=283201"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283201\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}