The power sector has led rating upgrades in the fiscal year 2025-26 on improved execution as well as stable operations, said rating agency ICRA on Wednesday.
The power sector emerged as one of the key drivers of rating upgrades in FY2026, supported by improved project execution, stable operating performance and strengthening parent profiles, according to the ICRA statement.
The sector witnessed a significant improvement in credit metrics during the year, with its credit ratio rising to 5.2 in FY2026, compared to 3.4 in FY2025 and 2.9 in FY2024, indicating a sustained increase in upgrades relative to downgrades.
This improvement reflects easing project risks, stabilisation of operations for commissioned assets and steady cash flow generation. Rating upgrades in the sector were driven by factors such as project completion, track record of stable operating performance and strengthening of parent credit profiles.
The sector also benefited from continued policy support, infrastructure p​The power sector has led rating upgrades in the fiscal year 2025-26 on improved execution as well as stable operations, said rating agency ICRA on Wednesday.
The power sector emerged as one of the key drivers of rating upgrades in FY2026, supported by improved project execution, stable operating performance and strengthening parent profiles, according to the ICRA statement.
The sector witnessed a significant improvement in credit metrics during the year, with its credit ratio rising to 5.2 in FY2026, compared to 3.4 in FY2025 and 2.9 in FY2024, indicating a sustained increase in upgrades relative to downgrades.
This improvement reflects easing project risks, stabilisation of operations for commissioned assets and steady cash flow generation. Rating upgrades in the sector were driven by factors such as project completion, track record of stable operating performance and strengthening of parent credit profiles.
The sector also benefited from continued policy support, infrastructure p ​Latest News [ SOBAN NEWS: International and National ]
