Fitch revises outlook on NHPC's Long Term IDR to negative

Accord Fintech – Thu 21 Jun, 2012 2:22 PM IST

Credit rating agency, Fitch has revised the outlook on NHPC's Long Term Issue Default Ratings (IDR) to negative from stable. Besides, the rating agency has also affirmed the company's Long Term Foreign and Local Currency Issuer Default Ratings (IDRs) at ‘BBB-’.

NHPC is engaged in the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. It executes all aspects of the development of hydroelectric projects, from concept to commissioning.

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