The Indian Renewable Energy Development Agency (IREDA) has received an upgrade in its long-term issuer credit rating from S&P Global Ratings, which has been revised to ‘BBB’ from ‘BBB–’, with a Stable Outlook. The short-term rating has also been raised to ‘A-2’ from ‘A-3’.

This upgrade brings IREDA’s international credit rating in line with India’s sovereign credit rating, reaffirming its strategic significance in advancing the nation’s renewable energy mission.

According to S&P Global Ratings, the rating improvement reflects IREDA’s robust asset quality, strong capitalization, and healthy liquidity position. The enhanced rating is expected to strengthen IREDA’s global funding capabilities, reduce its cost of capital, and boost investor confidence across both equity and debt markets, fur

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