Fitch gives Indian Renewable Energy A+(ind)

Fitch Ratings said it has assigned Indian Renewable Energy Development Agency Ltd. a national long-term rating of A+(ind) with a stable outlook.

At the same time, Fitch said it has affirmed Indian Renewable Energy's 1 billion rupee long-term non-convertible debenture program at A+(ind) and the company's support rating at 4.

The ratings reflect the continuation of Indian Renewable Energy's role as a key governmental agency for funding projects in the environment-friendly renewable energy sector, the agency said.

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