Fitch rates Capital Power loans BB-(ind)

Fitch Ratings said it assigned Capital Power Infrastructure Pvt Ltd. a national long-term rating of BB-(ind), along with its BB-(ind)/F4(ind) ratings to the company's Rs.250 million fund-based and Rs.450 million non-fund based facilities.

The ratings reflect the experience of Capital Power Infrastructure (Private) Ltd.'s promoters in dealing with state electricity boards and state power utilities, Fitch said.

The ratings also factor in the comfortable Rs.1.4 billion order book position the company enjoys, Fitch said, and the reasonable revenue growth it achieved since inception in 2008.

Rating concerns include its modest size of the company's trading operations, limited track record and low operating margins as compared to other turnkey solutions providers in the power sector, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.