{"id":547815,"date":"2023-01-17T09:30:47","date_gmt":"2023-01-17T04:00:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=547815"},"modified":"2023-01-17T10:26:43","modified_gmt":"2023-01-17T04:56:43","slug":"fitch-downgrades-azure-power-energys-rating-on-governance-concerns-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-downgrades-azure-power-energys-rating-on-governance-concerns-2\/","title":{"rendered":"Fitch downgrades Azure Power Energy&#8217;s rating on governance concerns"},"content":{"rendered":"<p>Fitch Ratings has downgraded Azure Power Energy&#8217;s (Azure RG3) US dollar bond from &#8216;BB+&#8217; to &#8216;BB&#8217; on corporate governance concerns it said is evident from the company\u2019s failure to manage regulatory financial disclosures past statutory timeline.<\/p>\n<p>It also cut rating on Azure Power Solar Energy&#8217;s (Azure RG2) US dollar bond from &#8216;BB&#8217; to &#8216;BB-&#8216; (RG stands for restricted group). The two companies are part of Azure Power group, a renewable power producer in India with a portfolio of more than 7.4 GW of high-quality renewable energy assets.<\/p>\n<p>Ratings remain on Rating Watch Negative (RWN), Fitch said in a statement on Monday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings has downgraded Azure Power Energy&#8217;s (Azure RG3) US dollar bond from &#8216;BB+&#8217; to &#8216;BB&#8217; on corporate governance concerns it said is evident from the company\u2019s failure to manage regulatory financial disclosures past statutory timeline. It also cut rating on Azure Power Solar Energy&#8217;s (Azure RG2) US dollar bond from &#8216;BB&#8217; to &#8216;BB-&#8216; (RG stands for restricted group). The two companies are part of Azure Power group, a renewable power producer in India with a portfolio of more than 7.4 GW of high-quality renewable energy assets. Ratings remain on Rating Watch Negative (RWN), Fitch said in a statement on [&hellip;]<\/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":[135,130,232],"tags":[],"class_list":["post-547815","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/547815","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=547815"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/547815\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=547815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=547815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=547815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}