Moody’s Upgrades NTPC, NHPC, NHAI & GAIL to Baa2

After upgrading India’s sovereign rating to Baa2 stable from Baa3 positive, Moody’s Investors Service has upgraded the ratings of infrastructure government-related issuers (GRIs) NTPC, NHPC, NHAI & GAIL to Baa2 in line with India’s sovereign ratings.

The upgrade in the ratings for these 4 companies follows the upgrade in sovereign rating from Baa3 to Baa2.
Static/Current Takeaway Points Important for IBPS PO Mains 2017 Exam-
  1. Moodys Analytics President- Mark Almeida, Headquarters- USA.
Source- The Hindu