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Entity-Specific Rating Rationales

09 Jan 2026

Radiance Renewables Private Limited: Ratings downgraded to [ICRA]BBB+ (Negative)/[ICRA]A2 from [ICRA]A- (Negative)/ [ICRA]A2+

Radiance Renewables Private Limited: Ratings downgraded to [ICRA]BBB+ (Negative)/[ICRA]A2 from [ICRA]A- (Negative)/ [ICRA]A2+

22 Jul 2025

Radiance Renewables Private Limited: Long-term rating downgraded; outlook revised to Negative from Stable; short-term rating reaffirmed; rated amount enhanced

Radiance Renewables Private Limited: Long-term rating downgraded; outlook revised to Negative from Stable; short-term rating reaffirmed; rated amount enhanced

24 May 2024

Radiance Renewables Private Limited: Ratings reaffirmed; outlook revised to Stable from Positive

Radiance Renewables Private Limited: Ratings reaffirmed; outlook revised to Stable from Positive

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Entity-Specific Credit Perspective Reports

20 Aug 2025

Radiance Renewables Private Limited

Radiance Renewables Private Limited (Non-SF)

20 Jun 2024

Radiance Renewables Private Limited

Radiance Renewables Private Limited (Non-SF)

Ratings

Description
Short Term
Medium Term
Long Term
Issuer
Fund Based Limit -- -- [ICRA]BBB+(Negative) --
Short term fund based [ICRA]A2 -- -- --
Long Term/Short Term - Non-fund based [ICRA]A2 -- [ICRA]BBB+(Negative) --
Long term/Short term –Unallocated limit [ICRA]A2 -- [ICRA]BBB+(Negative) --

Our Analysts

Analyst 1

Soaham Gundawar

Analyst 2

Sankalpa Mohapatra

Sector Head

Girishkumar Kashiram Kadam
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