New Delhi, Oct 7 (PTI) Acme Solar Holdings on Tuesday said CRISIL Ratings has upgraded its ratings on the company's non-fund-based long-term bank facilities of Rs 1,000 crore.

The ratings has been upgraded to Crisil AA-/Stable from Crisil A+/Positive, the company said in a statement.

CRISIL Ratings has upgraded its rating for Non-fund-based long-term bank facilities of Rs 1,000 crore, it said.

This rating upgrade factors in healthy growth in ACME Solar's operating portfolio, healthy execution track record, timely stabilisation of assets, refinancing of its projects to lower cost of debt, enabling improvement in operating cash flows.

*** Avantel sets up Rs 56-cr facility in Hyderabad * Satellite communications and defence electronics firm Avantel on Tuesday said it has opened its second

See Full Page