Moody's and ICRA: Stable outlook for India's power sector reflects improved coal availability, policy initiatives
Singapore, January 12, 2017-- Moody's Investors Service and its Indian affiliate, ICRA Limited, say that their stable outlook for the power sector in India over the next 12-18 months reflects sustained improvement in domestic coal availability, as well as the Indian government's policy initiatives, which will likely lead to improvements in the financial position of state-owned electricity distribution companies in the next two to three years. "In fact, we changed the outlook...
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