Alone Credit Profile to 'bbb' from 'bbb+'
Published on: Feb. 12, 2026, 11 p.m. | Source: scanx.trade
Fitch Ratings revised POWERGRID's stand-alone credit profile to 'bbb' from 'bbb+' on February 12, 2026, due to analytical recalibration under revised Corporate Rating Criteria. The rating agency clarified this change does not reflect deterioration in business fundamentals, financial performance, or liquidity. POWERGRID's Long-Term Foreign and Local Currency Issuer Default Ratings remain unchanged at 'BBB-' with stable outlook, maintaining alignment with sovereign rating.
