{"id":266579,"date":"2019-03-27T06:41:01","date_gmt":"2019-03-27T06:41:01","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266579"},"modified":"2019-03-27T06:41:01","modified_gmt":"2019-03-27T06:41:01","slug":"moodys-retains-stable-outlook-on-pfc-rec-post-acquisition-announcement","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-retains-stable-outlook-on-pfc-rec-post-acquisition-announcement\/","title":{"rendered":"Moody&#8217;s retains stable outlook on PFC, REC post acquisition announcement"},"content":{"rendered":"<p>Global rating agency Moody&#8217;s Investors Service on Wednesday said it has retained the previous stable outlook on Power Finance CorporationNSE -0.84 % (PFC) and REC Limited, as it expects quick closure of a deal between the two firms and resolution of a chunk of their bad loans. Borrowing programmes of the two firms were put under watch by rating firms post announcement of the acquisition. <\/p>\n<p>Power Finance Corp last week announced a deal value of Rs 14,500 crore to acquire government\u2019s stake in REC. The rating could improve if there is a substantial improvement in the companies\u2019 capital and liquidity. However, the two organisations face downgrade risk there is a substantial improvement deteriorating financial position of state-run power utilities, a statement issued by the credit rating firm said. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global rating agency Moody&#8217;s Investors Service on Wednesday said it has retained the previous stable outlook on Power Finance CorporationNSE -0.84 % (PFC) and REC Limited, as it expects quick closure of a deal between the two firms and resolution of a chunk of their bad loans. Borrowing programmes of the two firms were put under watch by rating firms post announcement of the acquisition. Power Finance Corp last week announced a deal value of Rs 14,500 crore to acquire government\u2019s stake in REC. The rating could improve if there is a substantial improvement in the companies\u2019 capital and liquidity. [&hellip;]<\/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":[130,239,136],"tags":[],"class_list":["post-266579","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266579","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=266579"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266579\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}