Moody’s affirms NTPC Baa3 as board approves up to Rs 12,000cr NCDs
Moody’s affirmed NTPC Limited’s Baa3 ratings with stable outlook. Moody’s cited 51.1% government ownership and support. NTPC’s board approved up to Rs 12,000 crore NCDs; Kotak Institutional upgraded to Add with a ₹365 target on expected FY27E earnings.
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