S&PCORRECT: National Thermal Power Corp. Syndicated Bank Loan Rated 'BB'
Standard & Poors, November 1999
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Abstract
(Editor's note: In the press release published earlier, the rating was misstated in the headline. A corrected version of the press release follows.) HONG KONG (Standard & Poor's CreditWire) Nov. 11, 1999--Standard & Poor's today assigned its double-'B' foreign currency rating to National Thermal Power Corp.'s (NTPC) US$120 million senior unsecured syndicated bank loan due 2004, which was issued in March 1999. At the same time, Standard & Poor's affirmed its double-'B' foreign currency long-term corporate credit rating on NTPC. The outlook on the rating remains stable. The rating on NTPC reflects its strong market position, adequate financial profile, supportive regulatory regime, favorable operating track record, and support from the government of India. Key risks include the high level and...
Companies mentioned in this report are: NTPC Ltd.
Action: Affirmed
NTPC Ltd.
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