Moody's Investors Service, a global rating agency has withdrawn Tata Power Company Limited (The) Ba3 corporate family rating, (P)Ba3 senior unsecured MTN Program rating, and the issuer's negative outlook.
Moody's has withdrawn the ratings following the repayment of the company's rated senior unsecured debt on maturity.
Tata Power Company Limited (The) is one of the largest private-sector power utility in India with an installed generation capacity of 10,613 MW as of March 2017. The company's business operations include power generation (thermal, hydro, solar and wind), transmission and distribution.
Moody's has decided to withdraw the ratings for its own business reasons, said the rating agency.