ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

03 Mar 2026

GE Power India Limited (erstwhile Alstom India Limited): Ratings upgraded to [ICRA]BBB+ (Stable)/[ICRA]A2

15 Jul 2025

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

24 Dec 2024

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

12 Apr 2024

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

22 Nov 2023

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

23 Aug 2023

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

06 Jun 2023

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

02 Apr 2026

GE Power India Limited (erstwhile Alstom India Limited)

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

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)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Long-term – Fund-based – Cash Credit	--	--	[ICRA]BBB+(Stable)	--
Long-term/Short-term – Unallocated limits – Unallocated limits	[ICRA]A2	--	[ICRA]BBB+(Stable)	--
Long-term/Short-term – Non-fund based – Others	[ICRA]A2	--	[ICRA]BBB+(Stable)	--

Our Analysts