Fitch Ratings has affirmed Indian renewable power producer ReNew Energy Global Plc s and onshore subsidiary ReNew Private Limited s Long-Term Issuer Default Rating at BB- with a Stable.
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Fitch Ratings has assigned a 'BB-' rating to the proposed senior unsecured US dollar notes to be issued by India Clean Energy Holdings, a Mauritius-based fully owned subsidiary of ReNew Energy Global Plc, which is the parent of ReNew Power Private Limited (ReNew, BB-/Stable). The proposed notes' proceeds would be on-lent to ReNew by way of a US-dollar external commercial
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