Fitch Affirms Stable Outlook for State-Owned Financiers REC, PFC, IRFC
The Sunday Guardian
|May 11, 2025
Fitch Ratings has affirmed a stable outlook for three state-owned infrastructure financing companies -- REC Limited, Power Finance Corporation Ltd, and Indian Railway Finance Corporation Limited.
For REC Ltd, Fitch said REC is strategically important in implementing power sector reforms to boost India's economic growth and development, while its provision of financing and refinancing to projects ensures liquidity in the power sector value chain, particularly to weak distribution companies.
Fitch believes REC's default would most likely disrupt provision of financing and refinancing for projects in the power sector, and might trigger a political crisis.
"Our assessment also considers the company's material market share of 20 per cent in the power-lending sector," Fitch said about REC.
Esta historia es de la edición May 11, 2025 de The Sunday Guardian.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The Sunday Guardian
The Sunday Guardian
The world order changeth gradually, though surely
No single nation or its leader, including the USA or China, can assume stewardship of the emerging, diffused global order.
6 mins
January 04, 2026
The Sunday Guardian
WHY THE SHANTI BILL CAN REDEFINE INDIA’S ENERGY FUTURE
India’s clean energy transition is primarily discussed in terms of solar additions, wind corridors, and storage technologies.
4 mins
January 04, 2026
The Sunday Guardian
Fantasies about Russia may spark World War III
Peace would result in it being too obvious to hide even within Zelenskyy's European backers, that the war being conducted at great human cost was futile from the start.
5 mins
January 04, 2026
The Sunday Guardian
New jihadi module IMK busted in Assam
An offshoot of Bangladesh-based JMB, IMK propagates the ideology of ‘Ghazwatul Hind’
4 mins
January 04, 2026
The Sunday Guardian
Delhi court convicts man in 2017 murder case
A Delhi court has convicted a man for murdering a youth by hitting him with a bamboo stick during a late-night quarrel at the Anand Vihar ISBT in 2017.
1 mins
January 04, 2026
The Sunday Guardian
INDIAN NAVY PLANS TO INDUCT A WARSHIP EVERY SIX WEEKS
The Indian Navy is on track to induct ships at the rate of one every one-and-a-half months in the coming year, fuelling the economy as its maritime muscle is strengthened.
3 mins
January 04, 2026
The Sunday Guardian
PM to flag off first Vande Bharat sleeper train from Guwahati
Ahead of the upcoming assembly elections, Assam and West Bengal will get the country's first Vande Bharat sleeper train.
1 mins
January 04, 2026
The Sunday Guardian
Transport Ministry proposes Aadhaar-like numbers for EV batteries
The transport ministry has proposed assigning Aadhaar-like unique identification number to EV batteries to ensure their end-to-end traceability and efficient recycling.
2 mins
January 04, 2026
The Sunday Guardian
Congress’ seat claim strains Assam opposition unity
Congress's aggressive seat target unsettles allies as opposition struggles to finalise Assam election strategy.
3 mins
January 04, 2026
The Sunday Guardian
How CCP is ‘assimilating’ Inner Mongolia
The most decisive tool of assimilation has been language policy. Mongolian-medium education has been systematically dismantled, replaced with Mandarin instruction.
2 mins
January 04, 2026
Listen
Translate
Change font size