Fitch rates Rural Electrification notes BBB-

Fitch Ratings said it assigned an expected BBB- rating to Rural Electrification Corp.'s proposed CHF 200 million senior unsecured notes.

The final rating is contingent upon the receipt of final documents conforming to information already received.

The ratings are based on its strong linkages with the government of India as an important institution in the implementation of the government's social and political priority rural electrification program, Fitch said, and is a major source of credit to state power utilities, some of them financially weak.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.