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24 March, 2018 08:00 IST
Fitch affirms NTPC at BBB-
Source: IRIS | 16 Jun, 2017, 11.17AM
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Fitch Ratings has affirmed NTPC Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BBB-'. The Outlook is Stable.

The agency has also affirmed NTPC's senior unsecured rating of 'BBB-', and the 'BBB-' ratings on its USD4 billion medium-term note programme.

The foreign-currency notes and masala bonds issued under the programme have been affirmed at 'BBB-' and 'BBB-emr', respectively.

NTPC is the largest power generation company in India. It accounts for about 15% of India's total installed power generation capacity, and about a quarter of electricity generation in the country. Out of a total installed capacity of 326GW in India, about 67% is thermal. NTPC contributes around 22% to the country's thermal capacity.

Shares of the company gained Rs 1, or 0.63%, to trade at Rs 160.40. The total volume of shares traded was 30,940 at the BSE (11.07 a.m., Friday).

NTPC Limited   (Q,N,C,F)*

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