{"id":303089,"date":"2019-11-27T12:09:59","date_gmt":"2019-11-27T06:39:59","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=303089"},"modified":"2019-11-27T12:09:59","modified_gmt":"2019-11-27T06:39:59","slug":"moodys-reviews-bpcls-rating-for-downgrade-on-government-stake-sale-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-reviews-bpcls-rating-for-downgrade-on-government-stake-sale-2\/","title":{"rendered":"Moody&#8217;s reviews BPCL&#8217;s rating for downgrade on government stake sale"},"content":{"rendered":"<p>NEW DELHI: Moody&#8217;s Investors Service on Tuesday said it has placed Bharat Petroleum Corporation 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>NEW DELHI: Moody&#8217;s Investors Service on Tuesday said it has placed Bharat Petroleum Corporation 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 [&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":[130,207,143],"tags":[],"class_list":["post-303089","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303089","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=303089"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/303089\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=303089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=303089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=303089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}