Global rating agency, Standard & Poor’s Rating Services has completed its annual surveillance on Tata Power credit rating and has reaffirmed B+ rating while revising the outlook downward from ‘positive’ to ‘stable’. The reasons for downward revision in outlook were slow progress on tariff revision for Mundra UMPP and delay in completion of Arutmin stake sale.
Tata Power is India’s largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 8,747 MW in India.
