Renewal energy solutions provider Gautam Solar on Tuesday said Crisil has upgraded its long-term rating to ‘A-/Stable’ from ‘BBB+/Stable’ earlier.
This achievement highlights the strong fundamentals of Gautam Solar and its solid growth trajectory, constantly strengthening its reputation as a reliable partner in the renewable energy market and a provider of preferred modules for large projects, a company statement said.
This achievement highlights the strong fundamentals of Gautam Solar and its solid growth trajectory, constantly strengthening its reputation as a reliable partner in the renewable energy market and a provider of preferred modules for large projects, a company statement said.
According to the statement, Gautam Solar Pvt Ltd (GSPL), having 28+ years of experience in solar module manufacturing, has received the long-term rating of CRISIL A-/Stable and a short-term rating of CRISIL A2+, a recognition that signifies the company’s financial strength, capability, longer-term reliability and bankability of its solar modules.
Earlier, the firm had a CRISIL BBB+/Stable long-term and CRISIL A2 short-term rating.