Moody's changes the Ratings of Indian Banks and Financial Institutions
Power Finance Corporation’s debt rating upgrade reflects mainly its intrinsic financial strength but also takes into account the institution’s full government ownership. According to Moody’s, PFC has been playing an instrumental role in financing the development of the Indian power sector and has been able to establish a relatively profitable niche. PFC has an excellent loan repayment record due to the availability of state and central government guarantees on its loans to the state-owned power utilities.
Rating of Industrial Development Bank of India...Read Moody's Comments
Rating of IFCI...Read Moody's Comments
Rating of Punjab National Bank...Read Moody's Comments
Rating of Central Bank of India...Read Moody's Comments
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