NTPC Ltd.

Global rating agency, Moody’s Investors Service has affirmed the Baa3 issuer rating for NTPC and concurrently upgraded NTPC’s baseline credit assessment (BCA) to baa3 from ba1. The rating outlook is stable.

The upgrade of the company’s BCA to baa3 reflects its dominant position in India's power generation sector, accounting for roughly a quarter of the nation's electricity. More prominently, its unique arrangement with the State Electricity Boards (SEBs), through the implementation of the ‘One Time Settlement Scheme’ (OTSS) ensures payment security.

NTPC is the largest power generating company in the country. It has also diversified into hydro power, coal mining, power equipment manufacturing, oil & gas exploration, power trading & distribution.