{"id":265836,"date":"2019-03-23T05:55:06","date_gmt":"2019-03-23T05:55:06","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=265836"},"modified":"2019-03-23T06:05:46","modified_gmt":"2019-03-23T06:05:46","slug":"fitch-assigns-investment-grade-rating-to-ntpcs-proposed-notes-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-assigns-investment-grade-rating-to-ntpcs-proposed-notes-2\/","title":{"rendered":"Fitch assigns investment grade rating to NTPC\u2019s proposed notes"},"content":{"rendered":"<p>Fitch Ratings on Friday said that it has assigned BBB-(EXP), an investment grade rating, to NTPC\u2019s proposed senior unsecured notes.<\/p>\n<p>The proposed notes are to be issued out of the company\u2019s USD 6 billion medium-term note programme and are rated at the same level as the NTPC\u2019s senior unsecured rating, as they will constitute its direct, unconditional, unsubordinated and unsecured obligations, a Fitch Ratings statement said.<\/p>\n<p>According to the statement, the final rating is contingent upon the receipt of final documents conforming to information already received.<\/p>\n<p>The NTPC\u2019s Issuer Default Rating reflects its standalone credit profile of \u2018BBB-\u2019 Fitch will rate the company using a top-down approach based on a strong likelihood of state support if the company\u2019s standalone profile weakens but stays within three notches of the Indian sovereign rating (BBB-\/Stable) under the agency\u2019s government-related entities (GRE) rating criteria, it added.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings on Friday said that it has assigned BBB-(EXP), an investment grade rating, to NTPC\u2019s proposed senior unsecured notes. The proposed notes are to be issued out of the company\u2019s USD 6 billion medium-term note programme and are rated at the same level as the NTPC\u2019s senior unsecured rating, as they will constitute its direct, unconditional, unsubordinated and unsecured obligations, a Fitch Ratings statement said. According to the statement, the final rating is contingent upon the receipt of final documents conforming to information already received. The NTPC\u2019s Issuer Default Rating reflects its standalone credit profile of \u2018BBB-\u2019 Fitch will [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-265836","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265836","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=265836"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/265836\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=265836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=265836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=265836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}