Moody’s affirms OIL’s issuer rating, lowers credit assessment

Moody’s affirms OIL’s issuer rating, lowers credit assessment

“The affirmation of OIL’s Baa3 issuer rating reflects our expectation of the high likelihood of extraordinary support from the Indian government that results in a one-notch uplift from OIL’s ba1 BCA,” said Sweta Patodia, a Moody’s analyst.
Check the source here –Source, Financial Express.

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