Moody's keeps Baa3 ratings on Power Finance and REC, outlook stable
Moody's Ratings kept its Baa3 issuer ratings on Power Finance Corporation and REC Limited on October 23, 2026, with a stable outlook on both.
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what happened
Moody's has left unchanged its Baa3 ratings on Power Finance Corporation Limited, covering both local- and foreign-currency issuer grades. The agency also held at Baa3 the foreign-currency senior unsecured notes and the medium-term note programme.
REC Limited received the same treatment, with its Baa3 issuer, senior unsecured and MTN programme ratings all confirmed. The outlook for both issuers remains stable. The notice is dated October 23, 2026 and was issued from Singapore.
why it matters
Baa3 sits at the bottom of the investment-grade scale. Keeping it with a stable outlook suggests the agency sees no near-term pressure on the credit profiles of these power-sector lenders, which matters for holders of their debt and for their future borrowing costs.
tags
instruments
sources
- Moody's Ratings affirms Power Finance Corporation Limited's Baa3 rating, outlook stable — Moody's, 23 October 2026 at 10:27 UTC
- Moody's Ratings affirms REC Limited's Baa3 rating, outlook stable — Moody's, 23 October 2026 at 10:43 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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