India Ratings Assigns Stable Outlook To Adani Transmission Debt Issues

New Delhi: Adani group company Adani Transmission on Monday said India Ratings & Research has assigned a 'stable' outlook to its Rs 330-crore non-convertible debentures (NCDs) and a Rs 200 crore senior-term loan.

"India Ratings & Research Private Limited has assigned company's Rs 330 crore non-convertible debentures and Rs 200 crore senior term loan final long term 'IND AA+' rating with Stable Outlook," the company said in a filing to the BSE.

The above mentioned facilities are part of the initially proposed Rs 7,000 crore long-term debt facilities which were assigned a 'Provisional IND AA+' rating with stable outlook, it said.

Adani Transmission has over 5,000 circuit km of operational lines across the western and northern regions of the country along with 12,000 MVA capacity.

Adani Transmission had earlier said it has raised Rs 330 crore through issuance of bonds on private placement basis.