Acme Solar Holdings Limited — Credit Ratings, 01-10-2025: Credit Rating

ICRA Limited has assigned an 'AA-/Stable' credit rating to ACME Solar Holdings' Long-Term Non-Fund based bank facilities, totaling ₹1,000 Cr. This is the company's highest rating to date. ICRA cited ACME Solar's diversified portfolio, strong revenue visibility from long-term PPAs, excellent operational performance, and enhanced financial profile post-IPO as key strengths supporting the rating.