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Entity-Specific Rating Rationales

26 Mar 2026

Sun Drops Energia Limited: CE ratings reaffirmed; partial CE rating withdrawn and simultaneously non-CE ratings assigned, outlook revised to Stable from Positive; Rated amount enhanced

Sun Drops Energia Limited: CE ratings reaffirmed; partial CE rating withdrawn and simultaneously non-CE ratings assigned, outlook revised to Stable from Positive; Rated amount enhanced

31 Jul 2025

Sun Drops Energia Private Limited: Ratings assigned

Sun Drops Energia Private Limited: Ratings assigned

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Entity-Specific Credit Perspective Reports

29 Apr 2026

Sun Drops Energia Limited

Sun Drops Energia Limited (Non-SF)

01 Sep 2025

Sun Drops Energia Limited

Sun Drops Energia Limited (Non-SF)

Ratings

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Short-term – Non-fund based – Others Withdrawn -- -- --
Long-term – Fund-based – Cash Credit -- -- Withdrawn --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Short-term – Unallocated limits – Unallocated limits Withdrawn -- -- --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

Our Analysts

Analyst 1

Rishi S Tekchandani

Analyst 2

Rachit Mehta 2

Sector Head

Girish kumar Kadam
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