JEJSW Energy533148New rating assigned

CARE assigns A+; Stable rating to long-term bank facilities of 7 O2 step-down subsidiaries

Care Ratings Limited (CARE) has assigned CARE A+; Stable ratings to the long-term bank facilities of 7 step-down subsidiaries of the company.

By ScoutQuest · Tue 13 Oct 2026, 7:06 PM IST · 2 min read

Rating Agency

Care Ratings Limited (CARE)

Rating Assigned

CARE A+; Stable ratings to the long-term bank facilities

Entities Rated

7 step-down subsidiaries: O2 Renewable Energy IV, VI, X, XIII, XIV, XXII and XXIII Private Limited

What the company informed the exchanges

JSW Energy has told BSE and NSE that Care Ratings Limited (CARE) has assigned ratings for the long-term bank facilities of seven of its step-down subsidiaries. The rating assigned to each of these entities is CARE A+; Stable. The rating action on every one of them is shown as Assigned. The company also said the press releases in this regard are available on CARE's website.

The entities covered

• O2 Renewable Energy IV Private Limited
• O2 Renewable Energy VI Private Limited
• O2 Renewable Energy X Private Limited
• O2 Renewable Energy XIII Private Limited
• O2 Renewable Energy XIV Private Limited
• O2 Renewable Energy XXII Private Limited
• O2 Renewable Energy XXIII Private Limited

Each of these seven entities carries the rating CARE A+; Stable on its long-term bank facilities.

What a credit rating is

A credit rating is an independent agency's opinion on the ability of a borrower to meet its debt obligations. The word "Stable" is the outlook attached to the rating. Here, the rating has been newly assigned, which means these entities have received this rating rather than having an existing rating changed.

Who is rated here

The rating is on the long-term bank facilities of the seven step-down subsidiaries, and not on the bank facilities of JSW Energy itself. In simple terms, a step-down subsidiary is a company that sits further down the group chain below the listed parent. The rating action therefore concerns the borrowing entities named above.

How a retail investor can read this

• The disclosure is about the credit profile of group entities below the listed company.
• The rating is described as assigned, not upgraded or downgraded, which means it is a fresh rating for these facilities.
• The entities are all part of the O2 Renewable Energy group of companies.
• The update does not set out any financial figures or amounts relating to the rated facilities.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

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