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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.
Moody's confirms ratings of PFC, REC; retains stable outlook

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