Union Minister of Power, New and Renewable Energy, R.K. Singh recently released 9th Integrated Ratings for State Power Distribution Utilities.
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The Minister appreciated that the Ninth Annual Integrated Rating exercise covering 41 State Power Distribution Utilities for the rating period FY 2019-20 has been completed with the enthusiastic participation of all the utilities.
The exercise presently covers 41 States distribution utilities spread across 22 States. ICRA and CARE are the designated credit rating agencies.
The Ninth Integrated Ratings have been carried out by ICRA Analytics Limited (IAL) & CARE Advisory Research & Training Limited (CART), the consulting arms of ICRA ratings and CARE respectively.
Power Ministry has mandated Power Finance Corporation (PFC) to co-ordinate with the utilities, rating agencies & MoP during the rating exercise.
