Power Grid Corporation of India Limited has informed the Exchange about Credit Rating
POWERGRID · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Fitch Ratings has lowered Power Grid's Standalone Credit Profile (SCP) from 'bbb+' to 'bbb', dated 12 February 2026. The change is driven by a recalibration of Fitch's Operating Environment Assessment under its updated Corporate Rating Criteria, not by any weakness in the company's operations. Power Grid's business fundamentals, financial performance, and liquidity remain unchanged according to the filing. Importantly, its Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) stay at 'BBB-' with a Stable Outlook, matching India's sovereign rating. The downgrade is therefore technical in nature rather than a reflection of company-specific risk.
This is a technical downgrade limited to Power Grid's standalone credit profile and does not affect its actual borrowing ratings, which remain stable. Shareholders are unlikely to see any meaningful impact on the stock or borrowing costs, as the key issuer default ratings are unchanged.