TIDM46XW TIDM10OE

RNS Number : 2896R

Power Finance Corporation Limited

29 June 2020

POWER FINANCE CORPORATION LTD.

S&P Global Ratings on 26th June 2020 has downgraded PFC's Company credit rating from BBB-/negative outlook to BB+/stable outlook. The rating has been issued after the withdrawal of S&P rating mandate by PFC. PFC's Credit Rating from Moody's and Fitch continue to be at the investment grade of Baa3 and BBB- respectively. Further, all the issuances under PFC's MTN/GMTN are now rated by Moody's and Fitch.

PFC's Perspective on Rating Action of S&P is available on our website at the following URL:

https://pfcindia.com/Home/VS/10201

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(END) Dow Jones Newswires

June 29, 2020 02:00 ET (06:00 GMT)

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