CARE Ratings has reaffirmed stable outlook credit rating for Jindal Power, a subsidiary of Jindal Steel and Power Ltd (JSPL).
“CARE has reaffirmed stable outlook credit rating of A- (Single A minus) to Jindal Power which operates the 3400 MW OP Jindal Super Thermal Power Plant at Tamnar, Chhattisgarh,” JSPL said in a statement Friday.
According to information on CARE Ratings website, instruments with CARE A rating are considered to have adequate degree of safety regarding timely servicing of financial obligations.
Such instruments carry low credit risk, while the modifier (-) reflects comparative standing within the category. Read More
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