Fitch Ratings today said it has affirmed state-run power producer NTPC’s long-term foreign and local-currency issuer default ratings at ‘BBB-‘.
“The outlook is stable. The agency has also affirmed NTPC’s senior unsecured rating of ‘BBB-‘, and the ‘BBB-‘ ratings on its USD 4 billion medium-term note programme,” Fitch Ratings said in a statement. According to the statement, the foreign-currency notes and masala bonds issued under the programme have been affirmed at ‘BBB-‘ and ‘BBB-emr’, respectively. Read more