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Fitch Ratings affirms Power Grid’s Long-Term IDR at ‘BBB-’

13 Jun 2014 Evaluate

Global rating agency, Fitch Ratings has affirmed Power Grid Corporation of India’s long-term Issuer Default Rating (IDR) at ‘BBB-’. The outlook is stable. The company’s IDR is a notch below its standalone credit profile of 'BBB'. At the same time, the agency has also affirmed ‘BBB-’ rating to the company’s $500 million senior unsecured notes.

Recently, CARE assigned ‘AAA’ rating to the company’s long-term borrowing programme for FY15 worth Rs 13,500 crore. The rating agency also assigned ‘A1+’ rating to the company’s short-term borrowing programme for FY15 worth Rs 5,800 crore.

PGCIL is India’s principal electric power transmission company. It owns and operates most of India’s interstate and inter-regional electric power transmission systems with inter-regional power transfer capacity of about 20,800 MW and wheels nearly 45% of total power generated across India.

Power Grid Corp Share Price

318.05 5.80 (1.86%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
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