REG - Power Finance Corp. Power Finance - 10OE - Credit Rating
RNS Number : 2896RPower Finance Corporation Limited29 June 2020POWER FINANCE CORPORATION LTD.
S&P Global Ratings on 26th June 2020 has downgraded PFC's Company credit rating from BBB-/negative outlook to BB+/stable outlook. The rating has been issued after the withdrawal of S&P rating mandate by PFC. PFC's Credit Rating from Moody's and Fitch continue to be at the investment grade of Baa3 and BBB- respectively. Further, all the issuances under PFC's MTN/GMTN are now rated by Moody's and Fitch.
PFC's Perspective on Rating Action of S&P is available on our website at the following URL:
https://pfcindia.com/Home/VS/10201
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.ENDMSCSELFWWESSEIM
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