Fitch affirms ‘BBB-‘ rating at GAIL, outlook negative
NEW DELHI: Fitch Ratings on Monday said it has assigned ‘BBB-‘ rating with a negative outlook to state-owned gas utility GAIL India.
The rating is capped at the same level as India’s sovereign ‘BBB-‘ rating, Fitch said in a statement.
GAIL’s dominant market position in the regulated utility gas-transmission business, complemented by its diversification into other business segments, and healthy credit metrics were factors governing the rating.
