New Delhi: What’s new in POWERGRID ? , The recent developments surrounding POWERGRID have stirred up positive sentiments in the financial world.
S&P Global Ratings, a reputable source in the industry, has bestowed upon POWERGRID an upgrade in its ratings.
This significant boost has elevated both the issuer credit ratings and issue ratings on POWERGRID to a commendable ‘BBB’ from the previous ‘BBB-‘. Interestingly, despite this upward trajectory, the outlook for the company is perceived as stable.
This stability is underpinned by the stand-alone credit profile (SACP) of POWERGRID, which maintains its solid position at ‘bbb+’. It’s crucial to note that the stability of POWERGRID’s outlook is intricately linked to India’s sovereign credit rating.
The sovereign rating plays a pivotal role as it acts as a ceiling, influencing the rating assigned to POWERGRID. The interplay between the sovereign credit rating and POWERGRID’s ratings sheds light on the interconnected nature of financial evaluations.
This symbiotic relationship underscores the importance of external factors on individual company ratings.
As POWERGRID continues to navigate the financial landscape, its upgraded ratings signal a promising trajectory amidst the broader economic backdrop of India.
