Moody's affirms PTC's ratings, revises outlook to stable from negative
Rating Action: Moody's affirms PTC's ratings, revises outlook to stable from negative. Global Credit Research- 21 Dec 2020. New York, December 21, 2020-- Moody's Investors Service affirmed PTC Inc.' s Ba2 corporate family rating, Ba2-PD probability of default rating, and the Ba3 ratings on the company's unsecured notes.PTC India Limited (PTC) is a holding company. The Company is engaged in the business of power and investment. It is involved in the trading of electricity and offers power trading solutions in India. Its segments include Power and Investment. It offers business solutions for generators, utilities, cross border solutions, PTC retail, project financing, renewable energy, and energy efficiency and consultancy. It offers PTC retail solutions to public sector undertakings (PSUs) and Central PSUs, Corporates, Industrial Clients, Commercial Clients, and independent power producers (IPPs) and captive power produces (CPPs). It offers facilitation of power sale and purchase on power exchange, which include sale/purchase on day ahead market (DAM) and sale/purchase on term ahead market (TAM). It offers Long and Medium Term Sales, Short Term Sales and Power Banking Arrangements. Through PTC India Financial Services Limited, it offers debt financing on non-recourse or on limited recourse basis
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