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News Brief | November 2016

Fitch affirms ´BBB´ ratings to Power Grid Corp

Fitch has affirmed investment grade rating with ´stable´ outlook on state-run Power Grid Corporation of India Ltd. ´At the same time, the agency has affirmed Power Grid´s senior unsecured rating and the ratings on its $500 million senior unsecured notes at ´BBB´,´ Fitch Ratings said in a statement.´BBB´ ratings indicate low default risk. The capacity for payment of financial commitments under this is considered adequate although adverse business or economic conditions are more likely to impair this capacity.

Contact: PGCIL

Website: www.powergridindia.com/

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