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Prospect News home > News index > List of issuers G > Headlines for Greenko Power II Ltd. > News item
Published on 12/2/2021 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.

Fitch rates Greenko Power II notes BB

Fitch Ratings said it assigned a BB rating to the planned dollar senior notes of Greenko Power II Ltd. (GPL), which is a restricted group (RG) of subsidiaries owned by Greenko Energy Holdings.

The notes, rated at the same level as Greenko, will be guaranteed by Greenko.

The proceeds will be used to refinance the operating subsidiaries' project-level debt. GPL will lend the bond proceeds to the operating subsidiaries under the RG by investing in the subsidiaries' rupee-denominated debt.


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