JSW Energy receives revision in credit ratings

JSW Energy announced that CARE Ratings (CARE) has revised the rating on long term bank facilities & debt instruments of the Company to 'CARE A+/Stable' from 'CARE AA- /Stable'. Rating on short-term bank facilities & debt instruments of the Company is reaffirmed at 'CARE A1+'.

As per the CARE Press Release, the revision factors in recently announced plans of the Company to enter into renewable energy space, not factored in earlier by CARE Ratings.

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