{"id":303045,"date":"2019-11-27T11:34:39","date_gmt":"2019-11-27T06:04:39","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303045"},"modified":"2019-11-27T11:34:39","modified_gmt":"2019-11-27T06:04:39","slug":"moodys-hints-at-possible-downgrade-of-bpcl-due-to-privatisation-effect","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-hints-at-possible-downgrade-of-bpcl-due-to-privatisation-effect\/","title":{"rendered":"Moody\u2019s hints at possible downgrade of BPCL due to privatisation effect"},"content":{"rendered":"<p>Moody\u2019s Investors Service on Tuesday placed the ratings for Bharat Petroleum Corporation Ltd (BPCL) under review for downgrade, citing potential uncertainties the state-run oil marketing company would face in the absence of the government support it currently enjoys. The agency\u2019s present rating for BPCL is \u2018Baa2\u2019 and this takes into consideration the \u201cexpected extraordinary support from the government\u201d.<\/p>\n<p>\u201cPost the government\u2019s stake sale, we will not include the two-notch uplift from government support in BPCL\u2019s rating,\u201d said Vikas Halan, senior vice-president, Moody\u2019s. This could result in downgrade of BPCL\u2019s ratings to \u2018Ba1\u2019, which denotes medium-grade and is subject to moderate credit risk. The new rating would depend on the credit quality of the buyer and its willingness to provide support to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody\u2019s Investors Service on Tuesday placed the ratings for Bharat Petroleum Corporation Ltd (BPCL) under review for downgrade, citing potential uncertainties the state-run oil marketing company would face in the absence of the government support it currently enjoys. The agency\u2019s present rating for BPCL is \u2018Baa2\u2019 and this takes into consideration the \u201cexpected extraordinary support from the government\u201d. \u201cPost the government\u2019s stake sale, we will not include the two-notch uplift from government support in BPCL\u2019s rating,\u201d said Vikas Halan, senior vice-president, Moody\u2019s. This could result in downgrade of BPCL\u2019s ratings to \u2018Ba1\u2019, which denotes medium-grade and is subject to moderate [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,195,138],"tags":[],"class_list":["post-303045","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303045","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=303045"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303045\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}