Adani Power Limited — Credit Ratings, 12-08-2025: Credit Rating

Adani Power (APL) has received a reaffirmation of its CRISIL AA / Stable credit rating for existing bank facilities and proposed Non-Convertible Debentures (NCDs), totaling 57,000 Cr. CRISIL also assigned the same AA / Stable rating to additional bank loan facilities of 46,000 Cr, now combined with APL's existing facilities post-merger of Adani Power (Jharkhand). This positive action reflects APL's robust credit profile, healthy generation capacity tie-ups, and secure fuel linkages, ensuring long-term cash flow visibility. Strong liquidity, sustained receivables, and full recovery of regulatory dues further reinforce the rating, suggesting continued favorable borrowing costs and investor confidence.