{"id":230634,"date":"2019-02-07T06:22:11","date_gmt":"2019-02-07T06:22:11","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=230634"},"modified":"2019-02-07T06:22:11","modified_gmt":"2019-02-07T06:22:11","slug":"cci-approves-pfc-rec-deal-credit-profile-of-pfc-downgrade","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cci-approves-pfc-rec-deal-credit-profile-of-pfc-downgrade\/","title":{"rendered":"CCI approves PFC-REC deal; credit profile of PFC downgrade"},"content":{"rendered":"<p>While the Competition Commission of India on Tuesday approved the acquisition of 52.63% stake in REC by Power Finance Corporation (PFC), the credit profile of PFC faces imminent downgrade by ratings agencies such as Moody\u2019s as it is likely to pay a premium for REC and is likely to borrow Rs 15,000 crore to fund the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While the Competition Commission of India on Tuesday approved the acquisition of 52.63% stake in REC by Power Finance Corporation (PFC), the credit profile of PFC faces imminent downgrade by ratings agencies such as Moody\u2019s as it is likely to pay a premium for REC and is likely to borrow Rs 15,000 crore to fund the deal.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-230634","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/230634","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=230634"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/230634\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=230634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=230634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=230634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}