/ Inox Wind Gets AA- Rating For Bank Facilities ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 14 June 2017

Inox Wind informed the bourses that CRISIL Limited (CRISIL) has reaffirmed the ‘CRISIL AA-' rating for the company's Long-Term Bank Facilities and ‘CRISIL A1+' rating for Short Term Bank Facilities.

CRISIL’s AA rating for long-term instruments is the second highest rating for long-term facilities and reflects high degree of safety regarding timely servicing of financial obligations and very low credit risk.

CRISIL’s A1 rating is the highest rating given for short-term facilities and reflects instruments with the highest degree of safety and lowest credit risk, according to a BSE filing.

CRISIL further added that Inox Wind is well placed to capitalise on the long-term opportunities given its cost competitiveness and established market position under the auction regime.

Meanwhile, Inox Wind was down 0.9% at Rs 136.50 per share at 1411 hours IST on BSE.

Inox Wind Limited is an integrated wind energy solutions provider. The company is engaged in the manufacture of wind turbine generators.

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