Energy Moody's confirms ratings of PFC, REC; retains stable outlook Updated : March 27, 2019 03:24 PM IST Last week, state-owned PFC had said it will acquire the entire 52.63 percent shares of the government in REC for Rs 14,500 crore by the month-end. The rating agency has confirmed the Baa3 issuer ratings of PFC and REC. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.