S&P rates Continuum Green Energy, notes BB-

S&P said it assigned its BB- long-term issuer credit rating to Continuum Green Energy Ltd. S&P also assigned a BB- long-term issue rating to the senior secured notes that Continuum Energy Aura Pte. Ltd. proposes to issue. Continuum will guarantee the notes.

The outlook is stable.

Continuum benefits from its differentiated positioning in the less crowded and more profitable commercial and industrial energy market, with faster receivable collection than peers' and a steady operating performance, S&P said. The India-based renewable energy producer's elevated leverage amid high capital spending, and smaller scale with limited project diversity constrain its credit profile.

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