IREDA Arm IGGEFIL gets ‘BBB+/Stable’ International Rating from CareEdge Global
IREDA has been assigned a long-term foreign currency issuer rating of ‘BBB+/Stable’, which is at par with India’s sovereign rating.
April 01, 2026. By Abha Rustagi
The company has been assigned a long-term foreign currency issuer rating of ‘BBB+/Stable’, which is at par with India’s sovereign rating, it said.
The rating reflects IGGEFIL’s institutional linkage with its parent organisation, IREDA, and its strategic role in supporting the renewable energy financing ecosystem.
Pradip Kumar Das, Chairman of IGGEFIL and CMD of IREDA, stated that the rating strengthens the company’s global strategy and enhances its ability to access international capital markets for clean energy financing.
He added that the rating is expected to help diversify funding sources and reduce borrowing costs.
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