Moody’s places PFC, REC on ‘review for downgrade’3 min read . Updated: 14 Dec 2018, 02:02 PM IST
Moody's move comes in the wake of the government's plan to sell its entire stake and transfer control in REC to PFC
New Delhi: Moody’s Investors Service on Thursday placed state-run firms REC Ltd (formerly Rural Electrification Corp.) and Power Finance Corp. Ltd (PFC) “on review for downgrade" after the Union government decided to sell its entire stake and transfer management control in REC to PFC.
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