News Brief | February 2017
NTPC´s proposed EUR notes get ´BBB-(EXP)´ rating
Fitch Ratings has assigned an expected rating of ´BBB-(EXP)´ to NTPC Ltd´s (BBB-/Stable) proposed senior unsecured EUR notes, which are to be issued out of its USD four billion medium-term note programme. ´The notes are rated at the same level as NTPC´s senior unsecured debt rating as they will constitute the direct, unconditional, unsubordinated and unsecured obligations of NTPC. The final rating is contingent upon the receipt of final documents conforming to information already received,´ö Fitch Ratings said in a statement.