{"id":302984,"date":"2019-11-27T10:24:39","date_gmt":"2019-11-27T04:54:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=302984"},"modified":"2019-11-27T10:59:39","modified_gmt":"2019-11-27T05:29:39","slug":"moodys-places-bpcl-under-review-for-downgrade-over-privatisation","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-places-bpcl-under-review-for-downgrade-over-privatisation\/","title":{"rendered":"Moody&#8217;s places BPCL under review for downgrade over privatisation"},"content":{"rendered":"<p>Moody&#8217;s Investors Service on Tuesday said it has placed Bharat Petroleum Corp Ltd&#8217;s rating on review for downgrade after the government decided to privatise the country&#8217;s second-biggest state oil refiner. <\/p>\n<p>&#8220;The review for downgrade follows the government of India&#8217;s decision to sell its entire 53.29 per cent stake in BPCL and to transfer management control of the company to a strategic buyer,&#8221; the rating agency said in a statement. <\/p>\n<p>The ratings placed on review for downgrade include BPCL&#8217;s ba1 baseline credit assessment, its Baa2 issuer rating and Baa2 backed senior unsecured rating for Bharat PetroResources Ltd, a subsidiary of BPCL.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody&#8217;s Investors Service on Tuesday said it has placed Bharat Petroleum Corp Ltd&#8217;s rating on review for downgrade after the government decided to privatise the country&#8217;s second-biggest state oil refiner. &#8220;The review for downgrade follows the government of India&#8217;s decision to sell its entire 53.29 per cent stake in BPCL and to transfer management control of the company to a strategic buyer,&#8221; the rating agency said in a statement. The ratings placed on review for downgrade include BPCL&#8217;s ba1 baseline credit assessment, its Baa2 issuer rating and Baa2 backed senior unsecured rating for Bharat PetroResources Ltd, a subsidiary of BPCL.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-302984","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302984","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=302984"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302984\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=302984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=302984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=302984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}