New Delhi: REC Limited, a Maharatna Central Public Sector Enterprise (CPSE) under the Government of India, has received an upgrade in its long-term issuer credit rating from Japan Credit Rating Agency, Ltd. (JCR).
JCR has upgraded REC Limited’s long-term issuer credit rating to ‘A-’ with a Stable Outlook, from the earlier rating of ‘BBB+’ with a Stable Outlook.
REC’s Credit Rating Upgraded from BBB+ to A-
The latest rating revision reflects an improvement in REC Limited’s credit standing as assessed by Japan Credit Rating Agency.
The key rating details are:
- Rating Agency: Japan Credit Rating Agency, Ltd. (JCR)
- Revised Rating: A-
- Previous Rating: BBB+
- Outlook: Stable
- Company: REC Limited
- Disclosure Date: September 7, 2026
The upgrade marks a move by two rating notches from the previous BBB+ rating to A-, while the outlook remains Stable.
Read also: REC Limited Honoured With First Prize for Hindi Implementation Under Official Language Policy
REC Discloses Rating Revision to Stock Exchanges
REC Limited disclosed the rating revision to the stock exchanges on September 7, 2026.
The disclosure was made pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
The revised rating from JCR provides an updated assessment of REC’s long-term issuer credit profile.
Stable Outlook Maintained by JCR
Along with upgrading REC’s long-term issuer credit rating to A-, JCR has maintained a Stable Outlook for the company.
The Stable Outlook indicates that the rating agency’s current assessment does not point to an immediate change in REC’s credit rating direction.
About REC Limited
REC Limited is a Maharatna Central Public Sector Enterprise under the Ministry of Power, Government of India. The company is primarily engaged in financing power-sector infrastructure and supports the development of electricity generation, transmission and distribution projects across the country. REC plays an important role in financing India’s power and infrastructure development.
