Credit rating agency, CARE has assigned AAA rating to NHPC’s Proposed Long Term Bonds (S SERIES) worth Rs 1,600 crore. The rating continues to derive comfort from the majority ownership in NHPC by the Government of India (GoI), its established position as India’s largest hydro power producer with geographical diversity of sales and healthy operational efficiency of its power stations. The rating also favourably factors in NHPC’s consistent financial performance and strong earnings protection attributable to long-term power selling arrangements, its comfortable capital structure and healthy liquidity position.
NHPC is an Indian Hydro Power Generation company that was incorporated with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects.
