Moody's withdraws NHAI ratings for business reasons 
Latest News

Moody’s withdraws NHAI ratings for business reasons

Moody's Investors Service has withdrawn the NHAI's issuer rating and senior unsecured medium-term note program rating for business reasons

PSU Watch Bureau

New Delhi: Moody's Investors Service on Wednesday said it has withdrawn the National Highways Authority of India's issuer rating and senior unsecured medium-term note program rating for business reasons.

Prior to the withdrawal, the agency said the outlook on the issuer was stable.

The agency said it has "withdrawn National Highways Authority of India's (NHAI) Baa3 issuer rating and (P) Baa3 senior unsecured medium-term note program rating".

"Moody's has decided to withdraw the ratings for its own business reasons," it added.

NHAI was constituted by an Act of Parliament — the National Highways Authority of India Act, 1988.

It is 100 per cent owned by the government. NHAI operates under the Ministry of Road Transport and Highways (MoRTH) and is responsible for the development, maintenance and management of the national highways entrusted to it.

(With PTI inputs)

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Sunsure Energy, NVVN sign 500 MWh BESS pact for peak hour power supply to UPPCL

Stock markets dive in early trade as steep 50% US tariffs dent investors' sentiment

PESB name Sandeep Sudhakar Paranjape for WCL's Director (Technical) post

Texmaco, RVNL form JV to boost rail modernisation, exports

UP Govt engages Indian embassies to attract global investors for Trade Show 2025