{"id":283036,"date":"2019-07-18T06:29:40","date_gmt":"2019-07-18T06:29:40","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=283036"},"modified":"2019-07-18T06:29:40","modified_gmt":"2019-07-18T06:29:40","slug":"care-ratings-downgrades-outlook-for-west-bengal-power-discom-to-bbb","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/care-ratings-downgrades-outlook-for-west-bengal-power-discom-to-bbb\/","title":{"rendered":"CARE Ratings downgrades outlook for West Bengal power discom to BBB-"},"content":{"rendered":"<p>CARE Ratings has downgraded the outlook for state-run West Bengal State Electricity Distribution Company (WBSEDCL) to negative from stable due to the discom\u2019s failure to revise its tariff since October 2016, resulting in a widening gap between the cost of supply and approved tariff. The agency has assigned BBB- rating to the company\u2019s bond issue revising it from BBB+. In the case of West Bengal State Electricity Transmission Company (WBSETCL), the rating has been revised from A to BBB+ since 90% of the transmission company\u2019s business depends on WBSEDCL.<\/p>\n<p>Although CARE pointed out to an improvement in interest coverage ratio, the company had a debt repayment obligation of Rs 2,200 crore in FY19, of which Rs 604 crore was backed by government guarantee. The company\u2019s liquidity position is at ease with a cash of Rs 861 crore and undrawn credit of Rs 1,382 crore, according to CARE.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CARE Ratings has downgraded the outlook for state-run West Bengal State Electricity Distribution Company (WBSEDCL) to negative from stable due to the discom\u2019s failure to revise its tariff since October 2016, resulting in a widening gap between the cost of supply and approved tariff. The agency has assigned BBB- rating to the company\u2019s bond issue revising it from BBB+. In the case of West Bengal State Electricity Transmission Company (WBSETCL), the rating has been revised from A to BBB+ since 90% of the transmission company\u2019s business depends on WBSEDCL. Although CARE pointed out to an improvement in interest coverage ratio, [&hellip;]<\/p>\n","protected":false},"author":44,"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-283036","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\/283036","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=283036"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/283036\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=283036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=283036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=283036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}