Crisil revises Tata Power's outlook to 'positive'
10th Jun 2019

Credit rating agency, Crisil has revised Tata Power’s outlook to ‘positive’ from ‘stable’. Clearing off of all dues on debentures worth Rs 1,082 crore and a term loan of Rs 605 crore helped in the revision of the outlook.

Rating agency also said that there will be an improvement in the company’s credit risk profile on implementation of the high power committee (HPC) recommendations for its subsidiary Coastal Gujarat (CGPL) and also continued deleveraging through sale of non-core assets such as the strategic engineering division (SED).

Tata Power Company is India’s largest integrated power company with a growing international presence. The company together with its subsidiaries and jointly controlled entities has presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.