Power Grid Corporation Of India Ltd.

Credit rating agency, Fitch Ratings has assigned Power Grid Corporation of India a long-term local currency issuer default rating (IDR) of ‘BBB-‘, which is at the same level as its long-term foreign currency IDR. The outlook is stable. The rating agency assesses Power Grid’s standalone profile at ‘BBB’.

Power Grid Corporation of India is an Indian state-owned electric utilities company headquartered in Gurgaon, India. Power Grid transmits about 50% of the total power generated in India on its transmission network.