Tuesday, December 6, 2022
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Moody’s On NHAI: Rating Agency Moody’s Withdraws Rating From NHAI For These Reasons!

Moody’s On NHAI: Rating agency Moody’s Investors Service has announced the withdrawal of rating from the National Highways Authority of India (NHAI). The rating agency has also decided to withdraw the Senior Unsecured Medium-Term Note Program rating. Moody’s has said that it has decided to withdraw the rating for business reasons. Before withdrawing the rating, Moody’s had termed NHAI’s outlook as stable.

Moody’s has said that it has decided to withdraw the Baa3 rating given to the National Highway Authority of India (NHAI) and (P) Baa3 Senior Unsecured Medium-Term Note Program rating. The rating agency has said that it has taken this decision due to business reasons.

Let us tell you that the National Highway Authority of India (NHAI) is owned by the Government of India, which comes under the Ministry of Road Transport. NHAI is associated with road construction and maintenance work in the country.

Let us tell you that the National Highway Authority of India (NHAI) also issues Tax Free Bonds. In which along with return on investment, you can also take advantage of Tax Rebate. This year also NHAI has issued bonds. The cost of a bond is Rs 10,000. Investors can apply for bonds ranging from one bond to a maximum of 500 bonds. The bond earns an interest of 5 per cent along with a lock-in period of 5 years.

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