India Coffee House Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : India Coffee House

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mohan Marette who wrote (9544)	11/12/1999 8:02:00 PM
From: Mohan Marette	Read Replies (1) of 12475

Indian power company (NTPC) gets stable rating from S&P ntpc.net Nov 11 1999 14:43 IST NEW DELHI, Nov 11 (AFP) - Standard and Poor's on Thursday gave a stable BB foreign currency rating to India's largest electricity firm for its 120 million dollar unsecured bank loan due in 2004. The US rating agency also confirmed its BB foreign currency long-term corporate credit rating on the state-run National Thermal Power Corp. (NTPC), a Standard and Poor's statement said. It said the rating reflected NTPC's "strong market position, adequate financial profile, supportive regulatory regime, favourable operating track record, and support from the government of India." NTPC generates about 25 percent of the total electricity produced in India. It supplies power to nearly all government-owned electricity boards in Indian states. NTPC posted a 16-percent jump in net profits to 591 million dollars for the fiscal year ended March 31.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next