{"id":266975,"date":"2019-03-29T05:44:17","date_gmt":"2019-03-29T05:44:17","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=266975"},"modified":"2019-03-29T05:44:17","modified_gmt":"2019-03-29T05:44:17","slug":"cautious-approach-pfc-to-tighten-lending-norms-after-rec-deal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/cautious-approach-pfc-to-tighten-lending-norms-after-rec-deal\/","title":{"rendered":"Cautious approach: PFC to tighten lending norms after REC deal"},"content":{"rendered":"<p>State-run Power Finance Corporation (PFC) would become more stringent in evaluating the creditworthiness of state-owned power distribution companies (discoms) as the sector-specific lender would now have to become more cautious about maintaining its capital levels after the Rs 14,500 crore takeover of the Union government\u2019s stake in REC.<\/p>\n<p>\u201cWe would now be monitoring the payment discipline (of the state-owned entities) more strictly,\u201d PFC chairman and MD Rajeev Sharma said on Thursday, while speaking to the media about the acquisition. Global rating agency Moody\u2019s warned on Wednesday that PFC\u2019s rating could be downgraded if the financial strength of the state-run power utilities deteriorates significantly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-run Power Finance Corporation (PFC) would become more stringent in evaluating the creditworthiness of state-owned power distribution companies (discoms) as the sector-specific lender would now have to become more cautious about maintaining its capital levels after the Rs 14,500 crore takeover of the Union government\u2019s stake in REC. \u201cWe would now be monitoring the payment discipline (of the state-owned entities) more strictly,\u201d PFC chairman and MD Rajeev Sharma said on Thursday, while speaking to the media about the acquisition. Global rating agency Moody\u2019s warned on Wednesday that PFC\u2019s rating could be downgraded if the financial strength of the state-run power [&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":[130,240,138],"tags":[],"class_list":["post-266975","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\/266975","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=266975"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/266975\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=266975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=266975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=266975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}