Power Finance Corporation Ltd.

BSE: 532810 | NSE: PFC
Large Cap | Finance Term Lending
375.45
3.65 (0.98%)
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CARE assigns ‘AAA/ A1+’ ratings to PFC’s Borrowing Programme

Date: 15-05-2014

Credit rating agency, CARE has assigned ‘AAA/ A1+’ rating to Power Finance Corporation’s (PFC) Market Borrowing Programme for FY15 (includes Short term borrowing aggregating Rs 5000 crore as sub-limit to the total borrowing programme) of worth Rs 44,000 crore

The ratings continue to factor in the majority ownership by Government of India (GoI) and PFC's strategic importance to GoI in the development of the power infrastructure in India.

PFC provides large range of financial products and services like project term loan, lease financing, direct discounting of bills, short term loan, and consultancy services for various power projects in generation, transmission, distribution sector as well as for renovation and modernization of existing power projects.