Power Finance Corporation to avail services of Fitch and Moody's

Image
Capital Market
Last Updated : Jun 25 2020 | 7:07 PM IST
Power Finance Corporation has stopped using the services of S&P Global Ratings (S&P) effective from 24 June 2020 and accordingly, the Company's rating of PFC will now be done by the other two existing Rating Agencies i.e. Fitch and Moody's.

Also, PFC has replaced S&P with Moody's as the rating agency for its USD 400 MN Green Bonds (issued on 6 December 2017 & maturing on 6 December 2027) bearing ISIN XS1725342288.

Moody's has assigned Baa3 rating to these bonds on 24 June 2020.

Fitch and Moody's are now the rating agencies for above mentioned bond issuance.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 25 2020 | 6:46 PM IST

Next Story