THE NEWSMAN OF INDIA.COM
Following the upgrade of India’s sovereign rating from Baa3 positive to Baa2 stable on 16th November 2017, Moody’s Investors Service has upgraded the issuer ratings of National Highways Authority of India to Baa2 from Baa3 and revised outlook to stable from positive. The ratings of NTPC, NHPC and GAIL have also been upgraded.

According to Moody’s “The upgrade in ratings for NTPC, NHPC, NHAI and GAIL follows the upgrade of the Indian sovereign rating and reflects the strategic importance of these entities to the country, as well as their close operational and financial links with the government,”