India Ratings assigns IND A/Stable rating to step-down wholly owned subsidiary's bank loans

JSW Energy told the exchanges that India Ratings and Research (Ind-Ra) assigned an IND A/Stable rating to the bank loan facilities of JSW Renewable Energy Dolvi Three Limited, a step-down wholly owned subsidiary.

Thu 8 Oct 2026

Rating Assigned

IND A/Stable

Rating Agency

India Ratings and Research (Ind-Ra)

Rated Instrument

bank loan facilities of JSW Renewable Energy Dolvi Three Limited

What the update says

JSW Energy informed the stock exchanges that India Ratings and Research (Ind-Ra) has assigned a credit rating of "IND A/Stable" to the bank loan facilities of JSW Renewable Energy Dolvi Three Limited. The subsidiary is described in the update as a step-down wholly owned subsidiary of the company. The rating agency's release is dated 8th October 2026, and the press release is available on the Ind-Ra website.

The rating

• The assigned rating is IND A/Stable.
• It applies specifically to bank loan facilities of JSW Renewable Energy Dolvi Three Limited.
• The rating is assigned by India Ratings and Research (Ind-Ra).

What this indicates

• A credit rating is an opinion on the borrower's ability to meet its financial obligations on the rated facilities.
• A rating for a subsidiary can be relevant when the subsidiary seeks bank loans for its projects.
• The update is a disclosure to the exchanges about the rating action.

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