NTPC’s Grid of Confidence—Fitch Keeps Rating at ‘BBB-’ with Stability

Fitch Ratings has reaffirmed the Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) of NTPC Limited at 'BBB-' with stable outlook. Fitch has also reaffirmed NTPC's senior unsecured rating at 'BBB-', as well as its USD 6 bn medium-term note programme.

 

Key Points

Industry Impact & Future Outlook

NTPC's controlled business model offers a secure outlook for revenue and profit, with long-term power purchase agreements allowing pass-through of fuel costs. The company's renewable energy push is aligned with India's shift to clean energy, enhancing its dominance in the market.

 

Sources: Fitch Ratings, Moneycontrol, Economic Times Energy