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Home Credit Perspective Reports GE Power India Limited (erstwhile Alstom India Limited)
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Entity-Specific Rating Rationales

15 Jul 2025

GE Power India Limited (erstwhile Alstom India Limited): Ratings reaffirmed; outlook revised to Stable

GE Power India Limited (erstwhile Alstom India Limited): Ratings reaffirmed; outlook revised to Stable

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24 Dec 2024

GE Power India Limited (erstwhile Alstom India Limited): Ratings reaffirmed

GE Power India Limited (erstwhile Alstom India Limited): Ratings reaffirmed

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12 Apr 2024

GE Power India Limited (erstwhile Alstom India Limited): Update on material event

GE Power India Limited (erstwhile Alstom India Limited): Update on material event

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22 Nov 2023

GE Power India Limited (erstwhile Alstom India Limited): Ratings downgraded to [ICRA]BBB/[ICRA]A3+; outlook remains Negative

GE Power India Limited (erstwhile Alstom India Limited): Ratings downgraded to [ICRA]BBB/[ICRA]A3+; outlook remains Negative

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23 Aug 2023

GE Power India Limited (erstwhile Alstom India Limited): Update on Material Event

GE Power India Limited (erstwhile Alstom India Limited): Update on Material Event

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06 Jun 2023

GE Power India Limited (erstwhile Alstom India Limited): Ratings downgraded to [ICRA]BBB+/[ICRA]A2; outlook remains Negative

GE Power India Limited (erstwhile Alstom India Limited): Ratings downgraded to [ICRA]BBB+/[ICRA]A2; outlook remains Negative

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20 Dec 2022

GE Power India Limited (erstwhile Alstom India Limited): Long Term rating downgraded, short term rating reaffirmed; Outlook remains Negative

GE Power India Limited (erstwhile Alstom India Limited): Long Term rating downgraded, short term rating reaffirmed; Outlook remains Negative

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Entity-Specific Credit Perspective Reports

12 Aug 2025

GE Power India Limited (erstwhile Alstom India Limited)

GE Power India Limited (erstwhile Alstom India Limited) (Non-SF)

24 Jan 2025

GE Power India Limited (erstwhile Alstom India Limited)

GE Power India Limited (erstwhile Alstom India Limited) (Non-SF)

23 Jan 2023

GE Power India Limited (erstwhile Alstom India Limited)

GE Power India Limited (erstwhile Alstom India Limited) (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fund based working capital -- -- [ICRA]BBB(Stable) --
Unallocated [ICRA]A3+ -- [ICRA]BBB(Stable) --
Non-fund based – BG/LC [ICRA]A3+ -- [ICRA]BBB(Stable) --

Our Analysts

Analyst 1

Harshita Singh

Analyst 2

Ankit Jain

Sector Head

Girishkumar Kashiram Kadam
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