IREDA Global Secures ‘BBB+/Stable’ International Rating from CareEdge Global Ratings

IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), a wholly owned subsidiary of Indian Renewable Energy Development Agency Limited (IREDA), has received its inaugural international credit rating from CareEdge Global Ratings. IGGEFIL has been assigned a Long-Term Foreign Currency Issuer Rating of ‘BBB+/Stable’, which is at par with India’s sovereign rating. This rating reflects IGGEFIL’s institutional linkage with its parent organisation, IREDA, and its strategic role in supporting the renewable energy financing ecosystem. The rating is expected to strengthen the company’s global strategy, enhance its position to access international capital markets for clean energy financing, diversify funding sources, and reduce the cost of borrowing.