CARE assigns ‘BBB-’, ‘A3’ ratings to SE Power’s bank facilities

Credit rating agency, CARE has assigned ‘BBB-’ rating to long term bank facilities worth Rs 35.12 crore of SE Power. The rating agency has also assigned ‘A3’ rating to the company’s short term bank facilities worth Rs 2.52 crore. The ratings of the bank facilities of the company derives strength from its experienced and resourceful promoters, long track record of the group and moderate financial risk profile of the company as on March 31, 2014. SE Power engaged in the business of producing, manufacturing, generating, supplying, distributing, transforming, converting, transmitting, processing, developing, storing, procuring all forms of power and energy and any such products and by- products derived from such business.