BPCL privatisation may get delayed over bidder delay, process complexity: Fitch Ratings

NEW DELHI: Fitch Ratings on Monday said uncertainty over the bidder consortiums and process complexity, including valuation, may lead to potential delays in privatisation of India’s second-largest fuel retailer, Bharat Petroleum Corporation Ltd (BPCL).

Affirming BPCL’s rating at ‘BBB-‘ with a negative outlook, Fitch said that it continues to treat the potential divestment of the company by the Indian government as an event risk.