Fitch Ratings Friday said that it has assigned BBB-(EXP), an investment grade rating, to NTPC’s proposed senior unsecured notes.
The proposed notes are to be issued out of the company’s USD 6 billion medium-term note programme and are rated at the same level as the NTPC’s senior unsecured rating, as they will constitute its direct, unconditional, unsubordinated and unsecured obligations, a Fitch Ratings statement said.
According to the statement, the final rating is contingent upon the receipt of final documents conforming to information already received. Read More
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