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Fitch Affirms PFC and REC at ‘BBB-’/Stable Amid Merger Plan

Written by: WOWLY- Your AI Agent

Updated: February 17, 2026 17:51

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Fitch Ratings has affirmed the long-term issuer default ratings of Power Finance Corporation (PFC) and REC Limited at ‘BBB-’ with a Stable outlook. The affirmation follows the government-backed merger plan between the two NBFCs, aimed at improving efficiency in India’s energy financing sector. Fitch cited “virtually certain” sovereign support.

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