GCR Affirms NSP-SPV Powercorp’s Bond’s Rating via thisdaylive
Global Credit Ratings has affirmed the final public long-term credit rating of AAA assigned to NSP-SPV Powercorp Plc’s N8.5 billion series 1 guaranteed green infrastructure bond issue.The final rating accorded to the Series 1 Bonds issued by NSP-SPV under its N50 billion programme relates to timely payment of interest and principal, as such, the programme was not rated,A statement explained that the final rating would expire in October 2019.
In this regard, NSP-SPV registered a N50 billion bond issuance programme with the Securities and Exchange Commission in February 2019, and raised N8.5 billion from the capital market under its series 1 guaranteed bonds.
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