MARKETS

BSE Prices delayed by 5 minutes... Prices as on Sep 19, 2018   ABB India 1436.5 [ -0.33% ]ACC 1562.35 [ -0.47% ]Ambuja Cements Ltd. 225.05 [ 0.76% ]Asian Paints Ltd. 1289.35 [ -0.14% ]Axis Bank Ltd. 609.2 [ 0.12% ]Bajaj Auto Ltd. 2795.3 [ 0.70% ]Bank of Baroda 116.3 [ 2.51% ]Bharti Airtel 369.7 [ -1.03% ]Bharat Heavy Ele 74.6 [ 1.22% ]Bharat Petroleum 365.1 [ 2.86% ]Britannia Ind. 5956.3 [ -1.72% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 659.45 [ -0.42% ]Coal India 280.55 [ 2.60% ]Colgate Palm. 1117.15 [ -0.04% ]Dabur India 465.75 [ -0.80% ]DLF Ltd. 201.3 [ -0.76% ]Dr. Reddy's Labs 2603.65 [ 0.65% ]GAIL (India) Ltd. 384.25 [ 2.55% ]Grasim Inds. 1067.05 [ -0.01% ]HCL Technologies 1087.35 [ 0.48% ]HDFC 1831.15 [ -1.35% ]HDFC Bank 1961.95 [ -1.58% ]Hero MotoCorp 3142.35 [ 0.99% ]Hindustan Unilever L 1648.9 [ -1.04% ]Hindalco Indus. 235.95 [ 0.73% ]ICICI Bank 320.85 [ 0.67% ]IDFC L 48 [ -2.14% ]Indian Hotels Co 128.5 [ 0.00% ]IndusInd Bank 1804.6 [ -3.05% ]Infosys 720.4 [ 0.17% ]ITC Ltd. 299.65 [ -0.97% ]Jindal St & Pwr 232.6 [ 1.39% ]Kotak Mahindra Bank 1227 [ 0.88% ]L&T 1332.25 [ 0.27% ]Lupin Ltd. 909 [ -2.23% ]Mahi. & Mahi 947.3 [ 0.00% ]Maruti Suzuki India 8207 [ -2.30% ]MTNL 15.65 [ 0.00% ]Nestle India 10152.7 [ -1.24% ]NIIT Ltd. 89.8 [ -1.43% ]NMDC Ltd. 118.05 [ -0.63% ]NTPC 169.1 [ -0.35% ]ONGC 176.65 [ 1.90% ]Punj. NationlBak 79.3 [ 0.00% ]Power Grid Corpo 198.15 [ -0.25% ]Reliance Inds. 1210.3 [ -0.57% ]SBI 271.4 [ -0.95% ]Vedanta 230 [ -0.04% ]Shipping Corpn. 49.7 [ -1.09% ]Sun Pharma. 647.3 [ 0.78% ]Tata Chemicals 739.25 [ -0.05% ]Tata Global Beverage 234.45 [ -0.09% ]Tata Motors Ltd. 252.7 [ 0.50% ]Tata Steel 620.45 [ 1.31% ]Tata Power Co. 75.45 [ 1.34% ]Tata Consultancy 2076.9 [ 0.33% ]Tech Mahindra Ltd. 769.9 [ 1.98% ]UltraTech Cement 4050.3 [ -0.27% ]United Spirits 560.7 [ -1.24% ]Wipro Ltd 332.75 [ 0.08% ]Zee Entertainment En 451.9 [ -2.44% ]

News Details

You can view in detail.
Fitch affirms NTPC rating at BBB-; outlook stable 21/06/2018 00:37

Fitch Ratings has pegged state-run NTPC's long-term foreign and local-currency issuer default ratings (IDRs) at BBB-, which is an investment grade rating, reported PTI.

According to a a Fitch Ratings statement, the outlook is stable. The agency has also affirmed NTPC's senior unsecured rating of BBB-, and the BBB- ratings on its USD 6 billion medium-term note programme and the notes issued under the programme.

NTPC's ratings benefit from its dominant market position in India's power-generation industry and regulated business model, which provides cash flow certainty. The company has managed its counter-party risks well, with 100 per cent collection efficiency for the past 15 years despite the weak financial position of many of its customers, it said.

NTPC's high capex requirements are likely to lead to negative free cash flow over the next few years. Its IDR reflects its current standalone profile of BBB-.

"If its standalone profile weakens, but stays within three notches of the Indian sovereign rating (BBB-/stable), we will rate NTPC using a top-down approach due to the strong likelihood of state support under Fitch's government-related entities rating criteria," it added.

LOAD MORE