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Published on 3/29/2021 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

Fitch assigns ReNew Power Restricted Group 4's notes BB-

Fitch Ratings said it assigned ReNew Power Restricted Group 4's (ReNew RG4) proposed U.S. dollar-denominated senior secured notes due 2028 an expected rating of BB-.

The outlook is positive.

ReNew RG4 is a restricted group that includes 10 subsidiaries of ReNew Power Pte Ltd. (ReNew Power, BB-/positive). ReNew Power is one of the largest renewable-energy independent power producers in India with total operating capacity of 5.4GW and under-construction capacity of 4.5GW.


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