Power Finance Corporation Ltd.

Credit rating agency, CARE has reaffirmed ‘AAA’ rating to Power Finance Corporation’s (PFC) Long-term Borrowing Programme FY13 worth Rs 22,200 crore which was enhanced  from 15,000 crore. The rating agency has also reaffirmed ‘A1+’ rating to company’s Short-term Borrowing Programme FY13 worth Rs 5,000 crore.

The company has received the said rating on the back of its healthy capitalization levels, diversified resource profile, stable profitability, and comfortable asset quality and liquidity position.

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.