{"id":417131,"date":"2021-05-27T12:04:53","date_gmt":"2021-05-27T06:34:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=417131"},"modified":"2021-05-27T12:04:53","modified_gmt":"2021-05-27T06:34:53","slug":"fitch-affirms-recs-investment-grade-rating","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-affirms-recs-investment-grade-rating\/","title":{"rendered":"Fitch affirms REC\u2019s investment-grade rating"},"content":{"rendered":"<p>Fitch Ratings on Wednesday said that it has maintained REC\u2019s (formerly Rural Electrification Corporation) investment-grade rating of \u2018BBB-\u2018 as it believes the central government \u2014 which indirectly holds REC\u2019s 52.63% stake via PFC \u2014 has a strong incentive to provide extraordinary support to the power sector lender.<\/p>\n<p>The rating agency has also affirmed the negative outlook, in line with its similar outlook on the Indian sovereign. After Fitch had downgraded its outlook on India\u2019s sovereign rating to negative from stable in June 2020, REC\u2019s outlook was also subsequently revised to negative.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings on Wednesday said that it has maintained REC\u2019s (formerly Rural Electrification Corporation) investment-grade rating of \u2018BBB-\u2018 as it believes the central government \u2014 which indirectly holds REC\u2019s 52.63% stake via PFC \u2014 has a strong incentive to provide extraordinary support to the power sector lender. The rating agency has also affirmed the negative outlook, in line with its similar outlook on the Indian sovereign. After Fitch had downgraded its outlook on India\u2019s sovereign rating to negative from stable in June 2020, REC\u2019s outlook was also subsequently revised to negative.<\/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-417131","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\/417131","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=417131"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/417131\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=417131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=417131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=417131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}