Credit rating agency, CARE has re-affirmed A+ rating to Non Convertible Debentures (NCDs) worth Rs 300 crore of PTC India Financial Services. The company has received the rating reaffirmation on the back of parentage support from PTC India, experienced board of directors and management, and comfortable capital adequacy. The rating also supported by the company’s comfortable liquidity position, diversified funding profile and nil gross nonperforming assets (NPAs).
PTC India Financial Services is an Indian non-banking finance institution promoted by PTC India, the company offers an integrated suite of financial services with a focus on infrastructure development, including providing debt (short term and long term) financing and making principal investments in, private sector Indian companies in the power sector, including power generation, equipment supply and fuel source projects.
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