{"id":557700,"date":"2023-02-23T09:37:46","date_gmt":"2023-02-23T04:07:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=557700"},"modified":"2023-02-23T10:42:37","modified_gmt":"2023-02-23T05:12:37","slug":"crisil-upgrades-db-powers-rating-after-adani-power-calls-off-acquisition","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/crisil-upgrades-db-powers-rating-after-adani-power-calls-off-acquisition\/","title":{"rendered":"CRISIL upgrades DB Power&#8217;s rating after Adani Power calls off acquisition"},"content":{"rendered":"<p>Rating agency CRISIL has upgraded DB Power Ltd\u2019s (DBPL) long-term rating from \u201cA+\u201d to \u201cAA-\u201d after Adani Power Ltd\u2019s plans to acquire DBPL were called off. It also removed the company from \u201con watch status\u201d and assigned a \u201cstable\u201d outlook.<\/p>\n<p>On August 30, 2022, the rating agency placed DB Power\u2019s rating on watch following Adani Power Ltd\u2019s announcement to acquire DBPL. The long stop date of transaction (the acquisition) under the memorandum of understanding expired on February 15, 2023.<\/p>\n<p>CRISIL Ratings in a statement said it understands that the transaction has been called off and hence the rating watch has been resolved.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rating agency CRISIL has upgraded DB Power Ltd\u2019s (DBPL) long-term rating from \u201cA+\u201d to \u201cAA-\u201d after Adani Power Ltd\u2019s plans to acquire DBPL were called off. It also removed the company from \u201con watch status\u201d and assigned a \u201cstable\u201d outlook. On August 30, 2022, the rating agency placed DB Power\u2019s rating on watch following Adani Power Ltd\u2019s announcement to acquire DBPL. The long stop date of transaction (the acquisition) under the memorandum of understanding expired on February 15, 2023. CRISIL Ratings in a statement said it understands that the transaction has been called off and hence the rating watch has [&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-557700","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\/557700","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=557700"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/557700\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=557700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=557700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=557700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}