REC Limited Credit Rating

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Date	Document Type	Title	Source
28 Feb 2023	Issuer Profile	REC Limited: Key facts and statistics - H1 September 2022	Moody's Investors Service
21 Dec 2022	Credit Opinion	REC Limited: Update to credit analysis	Moody's Investors Service
31 May 2022	Announcement of Periodic Review	Moody's announces completion of a periodic review for a group of Finance Companies	Moody's Investors Service
29 Apr 2022	Credit Opinion	REC Limited: Update to credit analysis	Moody's Investors Service
12 Oct 2021	Credit Opinion	REC Limited: Update to credit analysis	Moody's Investors Service
06 Oct 2021	Rating Action	Moody's affirms five Indian government-related issuers; outlooks changed to stable from negative	Moody's Investors Service
07 Jul 2021	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of REC Limited	Moody's Investors Service
10 Jun 2021	Credit Opinion	REC Limited: Update to credit analysis	Moody's Investors Service
15 Dec 2020	Credit Opinion	REC Limited: Update to credit analysis	Moody's Investors Service
26 Nov 2020	Issuer Profile	REC Limited: Key Facts and Statistics - H1 September 2020	Moody's Investors Service
05 Aug 2020	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of REC Limited	Moody's Investors Service
05 Jun 2020	Credit Opinion	REC Limited: Update following rating affirmation, outlook changed to negative	Moody's Investors Service
02 Jun 2020	Rating Action	Moody's takes rating actions on four Indian government-related issuers following sovereign downgrade	Moody's Investors Service
06 Nov 2019	Credit Opinion	REC Limited: Update to credit analysis following Q1 2019 results	Moody's Investors Service
06 Sep 2019	Announcement of Periodic Review	Moody's announces completion of a periodic review of ratings of REC Limited	Moody's Investors Service
01 Apr 2019	Credit Opinion	REC Limited: Update following rating action	Moody's Investors Service
27 Mar 2019	Rating Action	Moody's confirms the ratings of Power Finance Corporation and REC Limited; outlook stable	Moody's Investors Service
18 Dec 2018	Credit Opinion	REC Limited: Update following rating review	Moody's Investors Service
13 Dec 2018	Rating Action	Moody's reviews Power Finance Corporation and REC Limited for downgrade	Moody's Investors Service
30 Oct 2018	Credit Opinion	REC Limited: Update to credit analysis	Moody's Investors Service
22 Oct 2018	Rating Action	Moody's assigns Baa3 to REC Limited's MTN drawdown	Moody's Investors Service
08 Oct 2018	Announcement	Moody's publishes latest "Inside India" newsletter; looks at sovereign and other themes	Moody's Investors Service
02 Oct 2018	Issuer Profile	Rural Electrification Corporation Limited: Key Facts and Statistics - FYE March 2018	Moody's Investors Service
06 Jul 2018	Announcement	Moody's publishes latest "Inside India" newsletter; looks at broad range of themes	Moody's Investors Service
07 Jun 2018	Announcement	Moody's & ICRA: India's planned capital infusions are enough to resolve regulatory capital needs but will be insufficient to support credit growth; NPAs peaked in March in 2018	Moody's Investors Service
27 Apr 2018	Credit Opinion	Rural Electrification Corporation Limited: Update to credit analysis	Moody's Investors Service
04 Apr 2018	Announcement	Moody's publishes latest edition of Inside India	Moody's Investors Service
09 Mar 2018	Rating Action	Moody's assigns Baa3 to Rural Electrification Corporation Limited's USD note drawdown	Moody's Investors Service
05 Feb 2018	Announcement	Moody's: India's FY2019 budget balances growth and fiscal consolidation; benefits for corporates and insurance	Moody's Investors Service
04 Jan 2018	Announcement	Moody's & ICRA: Differences between capital profiles of India's public and private sector banks will narrow; NPAs may peak in 2018	Moody's Investors Service
07 Dec 2017	Announcement	Moody's publishes latest edition of Inside India	Moody's Investors Service
04 Dec 2017	Rating Action	Moody's assigns Baa3 to Rural Electrification Corporation Limited's USD note drawdown	Moody's Investors Service
11 Oct 2017	Issuer Profile	Rural Electrification Corporation Limited: Key Facts and Statistics - Q1 June 2017	Moody's Investors Service
04 Oct 2017	Credit Opinion	Rural Electrification Corporation Ltd.: Update to credit analysis	Moody's Investors Service
29 Aug 2017	Rating Action	Moody's affirms ratings of three Indian government-related issuers; changes outlook on two to stable from positive	Moody's Investors Service
31 Jul 2017	Announcement	Moody's publishes latest edition of Inside India	Moody's Investors Service
22 Jun 2017	Rating Action	Moody's assigns (P)Baa3 rating to Rural Electrification Corporation's USD MTN program and Baa3 rating to proposed senior unsecured green bonds under the MTN program	Moody's Investors Service
08 Jun 2017	Announcement	Moody's and ICRA: Stable outlook for Indian corporates and power sector; infrastructure development driven by public investments	Moody's Investors Service
08 Jun 2017	Announcement	Moody's & ICRA: Indian banks' capitalization profiles worsen; asset quality outlook remains weak	Moody's Investors Service
21 Mar 2017	Announcement	Moody's: Demonetization adds to short-term adjustment pressure on India's non-bank finance companies, but will not derail their growing franchise	Moody's Investors Service
20 Mar 2017	Credit Opinion	Rural Electrification Corporation Ltd.: Credit Opinion Update	Moody's Investors Service
09 Jan 2017	Announcement	Moody's and ICRA: Indian banks' weak asset quality continues to pressure profitability and capitalization profile	Moody's Investors Service
14 Dec 2016	Announcement	Moody's publishes latest edition of Inside India	Moody's Investors Service
14 Oct 2016	Company Profile	Rural Electrification Corporation Ltd.	Moody's Investors Service
14 Sep 2016	Credit Opinion	Rural Electrification Corporation Ltd.: Credit Opinion Update	Moody's Investors Service
07 Sep 2016	Credit Opinion	Rural Electrification Corporation Ltd.: Credit Opinion Update	Moody's Investors Service
19 Jul 2016	Announcement	Moody's: HDFC Ltd's masala bond issuance opens market for other NBFCs and GRIs	Moody's Investors Service
14 Mar 2016	Credit Opinion	Rural Electrification Corporation Ltd.	Moody's Investors Service
09 Apr 2015	Rating Action	Moody's assigns positive outlooks to 12 Indian government-owned financial institutions; downgrades the ratings of 3 Indian private-sector banks to Baa3 from Baa2 and changes the outlooks to positive	Moody's Investors Service
29 Oct 2014	Announcement	Moody's: Outlook for Indian banking system remains negative	Moody's Investors Service

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