{"id":294910,"date":"2019-10-04T11:15:15","date_gmt":"2019-10-04T05:45:15","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=294910"},"modified":"2019-10-04T11:15:15","modified_gmt":"2019-10-04T05:45:15","slug":"govt-decision-to-privatise-bpcl-a-credit-negative-says-moodys","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-decision-to-privatise-bpcl-a-credit-negative-says-moodys\/","title":{"rendered":"Govt decision to privatise BPCL &#8216;a credit negative&#8217;, says Moody\u2019s"},"content":{"rendered":"<p>The government has announced mega divestment plans for four blue-chip public-sector companies, but Moody\u2019s Investor Service sees it as a setback. Calling the decision to privatise Bharat Petroleum Corporation Ltd (BPCL) \u201ca credit negative&#8221;, Moody\u2019s said it may not bode well for BPCL\u2019s ratings.<\/p>\n<p>\u201cStake sale could remove BPCL\u2019s links to the government and prompt bond redemption,&#8221; Moody\u2019 said.<\/p>\n<p>A group of secretaries on Monday cleared strategic sale of government\u2019s entire shareholding in BPCL, Shipping Corporation of India, THDC India and North Eastern Electric Power Corporation Ltd (NEEPCO). It also cleared a sale of 30% equity in Container Corp of India (Concor) from the government holding.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government has announced mega divestment plans for four blue-chip public-sector companies, but Moody\u2019s Investor Service sees it as a setback. Calling the decision to privatise Bharat Petroleum Corporation Ltd (BPCL) \u201ca credit negative&#8221;, Moody\u2019s said it may not bode well for BPCL\u2019s ratings. \u201cStake sale could remove BPCL\u2019s links to the government and prompt bond redemption,&#8221; Moody\u2019 said. A group of secretaries on Monday cleared strategic sale of government\u2019s entire shareholding in BPCL, Shipping Corporation of India, THDC India and North Eastern Electric Power Corporation Ltd (NEEPCO). It also cleared a sale of 30% equity in Container Corp of [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-294910","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=294910"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294910\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=294910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=294910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=294910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}