Power Finance Corporation Ltd.

Credit rating agency, CARE has assigned ‘AAA’ rating to Power Finance Corporation’s Long-term Borrowing Programme for FY14 worth Rs 38,950 crore. The rating agency has also assigned ‘A1+’ rating to the company’s Short-term Borrowing Programme for FY14 worth Rs 5,000 crore.

The company has received the said ratings 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.