S&P Upgrades IREDA’s Long-Term International Credit Rating to ‘BBB’ with Stable Outlook
Indian Renewable Energy Development Agency has received an upgrade in its long-term issuer credit rating from S&P Global Ratings to ‘BBB’ with a Stable Outlook, aligning it with India’s sovereign rating.
October 28, 2025. By Mrinmoy Dey
This upgrade brings IREDA’s international credit rating in line with India’s sovereign credit rating, underscoring the company’s strategic importance to the nation’s renewable energy mission, the company said in a statement.
S&P Global Ratings considered IREDA’s robust asset quality, sound capitalisation and strong liquidity profile as key factors behind the upgrade. The rating enhancement is expected to strengthen IREDA’s funding capabilities, reduce its cost of capital and further enhance investor confidence across both equity and debt capital markets, reinforcing its leadership as India’s premier green financing institution, it said.
Commenting on the development, Pradip Kumar Das, Chairman and Managing Director, IREDA, said, “We are delighted with this upgrade by S&P Global Ratings, which not only validates IREDA’s financial strength but also highlights our critical role in India’s renewable energy transition. This alignment with the sovereign rating will enable us to access capital more competitively and deepen investor confidence in our long-term strategy.”
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