S&P rates Continuum Green Energy notes B+

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

Continuum Green Energy will guarantee the notes.

The outlook is positive.

“The India-based renewable power producer benefits from its differentiated positioning in the less crowded and more profitable commercial and industrial (C&I) energy market, with faster receivable collection than peers'. However, Continuum's smaller scale with limited project diversity, and high leverage constrain its credit profile,” S&P said in a news release.

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