ONGC, OIL earnings to decline, credit metrics weaken due to lower oil prices: Moody’s
NEW DELHI: State-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd are likely to see earnings decline and credit metrics weaken due to fall in oil prices, Moody’s Investors Service said on Thursday.
ONGC and OIL get rates equivalent to those prevalent in the international markets.
