Web Exclusive | February 2017
Moody’s changes power sector outlook from negative to stable
Moody's Investors Service and its Indian affiliate, ICRA predicts stable outlook for the power sector over the next 12-18 months reflecting sustained improvement in domestic coal availability, as well as the Indian government's policy initiatives, which is likely to lead to improvements in financial positions of state-owned electricity distribution companies in the next two to three years. Abhishek Tyagi, a Moody's vice president and senior analyst said: “In fact, we changed the outlook for the Indian power sector to stable from negative, because increased domestic production of coal will ease constraints on fuel supply.”