Fitch Rates Greenko Wind's Proposed USD Notes 'BB'

Fitch Ratings has assigned a 'BB' rating to Greenko Wind's proposed USD notes, reflecting the company's stable credit profile. This rating is consistent with Greenko's overall credit standing, which is supported by its diversified renewable energy portfolio and strong financial backing. The 'BB' rating indicates a moderate credit risk, aligning with Greenko's strategic growth plans in the renewable energy sector. However, recent developments show that Greenko Mauritius has canceled a similar bond issue, opting for bank loans instead, due to interest rate volatility.

 

Source: Economic Times, Fitch Ratings, Bloomberg