{"id":470518,"date":"2022-02-24T07:59:13","date_gmt":"2022-02-24T02:29:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=470518"},"modified":"2022-02-24T08:12:40","modified_gmt":"2022-02-24T02:42:40","slug":"fitch-affirms-power-grid-corporations-bbb-rating-outlook-negative","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-affirms-power-grid-corporations-bbb-rating-outlook-negative\/","title":{"rendered":"Fitch affirms Power Grid Corporation&#8217;s &#8216;BBB-&#8216; rating, outlook &#8216;negative&#8217;"},"content":{"rendered":"<p>Rating agency Fitch has affirmed Power Grid Corporation of India Ltd&#8217;s (POWERGRID) long-term foreign- and local-currency Issuer Default Ratings (IDRs) at &#8216;BBB-&#8216;. The outlook is &#8216;negative&#8217;.<\/p>\n<p>The ratings are constrained by the credit profile of the India sovereign (BBB-\/negative), which owns 51.34 per cent of the company, under Fitch&#8217;s Government Related Entities Rating Criteria.<\/p>\n<p>However, Powergrid&#8217;s Standalone Credit Profile (SCP) of &#8216;bbb+&#8217; benefits from the regulatory nature of more than 90 per cent of its revenue, supported by a stable regulatory regime. The current five-year regulatory tariff period ends in March 2024 which provides certainty of cash flows. Also, it has a dominant market position in the Indian power transmission sector and strong financial profile.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rating agency Fitch has affirmed Power Grid Corporation of India Ltd&#8217;s (POWERGRID) long-term foreign- and local-currency Issuer Default Ratings (IDRs) at &#8216;BBB-&#8216;. The outlook is &#8216;negative&#8217;. The ratings are constrained by the credit profile of the India sovereign (BBB-\/negative), which owns 51.34 per cent of the company, under Fitch&#8217;s Government Related Entities Rating Criteria. However, Powergrid&#8217;s Standalone Credit Profile (SCP) of &#8216;bbb+&#8217; benefits from the regulatory nature of more than 90 per cent of its revenue, supported by a stable regulatory regime. The current five-year regulatory tariff period ends in March 2024 which provides certainty of cash flows. Also, it [&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":[135,130,232],"tags":[],"class_list":["post-470518","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/470518","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=470518"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/470518\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=470518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=470518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=470518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}