S&P: NTPC, NHPC view stable

Standard & Poor's said it revised the outlooks on its long-term corporate credit ratings for NTPC Ltd. and NHPC Ltd. to stable from negative and affirmed both companies' BBB- ratings and the BBB- issue ratings on NTPC's senior unsecured debt.

The outlook revision follows a similar action on India's sovereign credit rating, S&P said.

The outlooks on NTPC and NHPC have been revised because their ratings are highly influenced by the sovereign rating given their sensitivity to government intervention in the event of financial distress, the agency said.

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