In
this study, a discussion has been made on the credit ratings of power
distribution utilities of the northern region of India. In July 2012 for
evaluating the performance of State Power Distribution utilities on a range of
parameters covering operational, financial, regulatory and reform parameters
the Ministry of Power, India had designed an Integrated Rating Methodology. The
credit quality assessed by the Investment Information and Credit Rating Agency
of India Limited (ICRA) and Credit Analysis and Research Limited, India (CARE)
summed up that a distribution utility is dependent upon several factors,
including the availability of regulatory framework allowing ‘cost-plus’ based
tariff, timeliness and adequacy of subsidy support from the state government,
and the ability to improve the operating efficiency levels and maintaining the
cost structure in line with regulatory targets.
Please read full article - http://globalpresshub.com/index.php/AJEFM/
Please read full article - http://globalpresshub.com/index.php/AJEFM/
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