S&P upgrades outlook on NHPC’s corporate credit rating to ‘BBB-/stable’

Standard & Poor’s (S&P) has upgraded the outlook on National Hydroelectric Power Corporation’s (NHPC) corporate credit rating from ‘BBB-/negative’ to ‘BBB-/stable’. The rating agency has recently upgraded India’s credit outlook to stable from negative.

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.