Ind-Ra affirms IND A+/Stable/IND A1 rating for step-down subsidiary's bank loan facilities
India Ratings and Research (Ind-Ra) has affirmed the rating of IND A+/Stable/IND A1 for the bank loan facilities of JSW Renew Energy Limited.
- Rating Affirmed
- IND A+/Stable/IND A1
- Rated Entity
- JSW Renew Energy Limited, a step-down wholly owned subsidiary
- Rating Action Date
- 9th October 2026
What has been announced
The company has informed the exchanges that India Ratings and Research (Ind-Ra) has affirmed the rating of "IND A+/Stable/IND A1" for the bank loan facilities of JSW Renew Energy Limited.
The rated entity
- JSW Renew Energy Limited is described as a step-down wholly owned subsidiary of the company, which means it is a fully owned company held through another subsidiary.
- The affirmed rating covers that subsidiary's bank loan facilities.
What the rating symbols read as
- The rating is written in three parts.
- IND A+ is the long-term rating.
- Stable is the outlook attached to the long-term rating.
- IND A1 is the short-term rating.
- Ind-Ra's release carrying the affirmation is dated 9th October 2026, and the press release is available on its website.
What the word "affirmed" means
- An affirmation means the rating has been retained at its existing level.
- It is neither an upgrade nor a downgrade.
How such an update is generally read
- A rating affirmation is a credit-quality update on the borrowing entity.
- Here it relates to the bank loan facilities of the step-down wholly owned subsidiary, and the rating is being retained at the same level.
Also from JSW Energy
Ind-Ra assigns “IND A /Stable” rating to step-down subsidiary's bank loan facilities
8 Oct 2026
India Ratings assigns IND A/Stable rating to step-down wholly owned subsidiary's bank loans
8 Oct 2026
Installed capacity reaches 15,147 MW; 1,694 MW added since April 2026
5 Oct 2026
More numbers
- Credit rating affirmed for bank loan facilities of the step-down subsidiaryIND A+/Stable/IND A1
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