No Upgrade Yet: Continuum’s Leverage Keeps Fitch’s ‘B+’ Rating Grounded

Fitch Ratings has revised the outlook on Continuum Green Energy Holdings Ltd (CGEHL) to Stable from Positive, while affirming its longterm issuer default rating at B+. The change reflects slowerthanexpected deleveraging due to commissioning delays and weak wind generation in FY25.

 

Key Highlights:

Strategic Outlook:

Despite nearterm financial strain, CGEHL’s longterm PPAs, diversified customer base, and rising solar share support cash flow visibility. Fitch expects improved performance in FY26 as delayed projects come online.

 

Source: Fitch Ratings