Extension Of Payment Security Mechanism Credit Positive for NTPC: Moody's

New Delhi: Cocontinuation of the Payment Security Mechanism (PSM) is credit positive for NTPC, Moody's Investors Service said. The Payment Security Mechanism is based on tripartite agreements between the central government, state governments and the Reserve Bank, and these agreements ensure payments to NTPC in the event of default by state-owned distribution companies, Moody's said in statement. Current agreements with various stat...