{"id":303054,"date":"2019-11-27T11:36:46","date_gmt":"2019-11-27T06:06:46","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303054"},"modified":"2019-11-27T11:36:46","modified_gmt":"2019-11-27T06:06:46","slug":"moodys-reviews-bpcls-rating-for-downgrade-on-government-stake-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-reviews-bpcls-rating-for-downgrade-on-government-stake-sale\/","title":{"rendered":"Moody\u2019s reviews BPCL\u2019s rating for downgrade on government stake sale"},"content":{"rendered":"<p>Moody\u2019s Investors Service on Tuesday said it has placed Bharat Petroleum Corp Ltd\u2019s rating on review for downgrade after the government decided to privatise the country\u2019s second-biggest state oil refiner. \u201cThe review for downgrade follows the government of India\u2019s decision to sell its entire 53.29 per cent stake in BPCL and to transfer management control of the company to a strategic buyer,\u201d the rating agency said in a statement. The ratings placed on review for downgrade include BPCL\u2019s ba1 baseline credit assessment, its Baa2 issuer rating and Baa2 backed senior unsecured rating for Bharat PetroResources Ltd, a subsidiary of BPCL.<\/p>\n<p>BPCL\u2019s Baa2 rating incorporates its ba1 baseline credit assessment (BCA), a measure of its standalone credit strength, and a two-notch uplift from expected extraordinary support from the government. The Cabinet headed by Prime Minister Narendra Modi had on November 20 decided to privatise BPCL by selling the government\u2019s entire stake to a strategic investor along with management control.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody\u2019s Investors Service on Tuesday said it has placed Bharat Petroleum Corp Ltd\u2019s rating on review for downgrade after the government decided to privatise the country\u2019s second-biggest state oil refiner. \u201cThe review for downgrade follows the government of India\u2019s decision to sell its entire 53.29 per cent stake in BPCL and to transfer management control of the company to a strategic buyer,\u201d the rating agency said in a statement. The ratings placed on review for downgrade include BPCL\u2019s ba1 baseline credit assessment, its Baa2 issuer rating and Baa2 backed senior unsecured rating for Bharat PetroResources Ltd, a subsidiary of BPCL. [&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-303054","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\/303054","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=303054"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303054\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}