- Language: English
- Published: October 2012
Research Update: Long-Term FC Rating On India's National Thermal Power Corp. Raised To 'BB+'
- ID: 1781531
- February 2005
- Region: India
- Standard & Poors
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
On Feb. 2, 2005, Standard & Poor's Ratings Services raised its foreign currency rating on India-based National Thermal Power Corp. Ltd. (NTPC) to 'BB+' from 'BB'. The outlook is stable. The rating action follows Standard & Poor's rating upgrade of its foreign currency sovereign rating on India (BB+/Stable/B). The upgrade of the sovereign rating reflects India's strengthening external balance sheet due to reserves accumulation and prudent debt management, which should lower the external liquidity risk from its fiscal vulnerability. National Thermal Power Corp. Ltd. owns and operates coal, gas, and naphtha-based electricity generation units in India. It sells electricity wholesale to the state government-owned electricity utilities (SEUs). At March 31, 2004, NTPC had installed generation capacity of 21,435 MW, accounting...
Companies mentioned in this report are: NTPC Ltd.
Action: Outlook: Stable
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