Leading credit rating agency of India, CARE Ratings, has upgraded Waaree Renewable Technologies Limited (WRTL) from ‘CARE A-‘ to ‘CARE A’, in its latest released ratings. The rating of ‘CARE A’ are specifically for Long Term facilities i.e. term loans and ‘CARE A’ for Long Term / Short Term Facilities i.e. Fund-based/Non – fund based limits.
The move reflects Waaree Renewable’s strong financial stability including on aspects of operational and financial performance basis FY24 financials as well as performance during the nine-month period of FY25 i.e. last financial quarter.
The improved rating highlights the company’s robust financial health basis strategic growth initiatives thereby placing the company as a strong player in the renewable energy sector with further potential for tapping newer business opportunities and partnerships.
