{"id":309094,"date":"2020-01-07T10:27:26","date_gmt":"2020-01-07T04:57:26","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=309094"},"modified":"2020-01-07T10:50:15","modified_gmt":"2020-01-07T05:20:15","slug":"fitch-says-hpcl-refining-margins-to-fall-by-one-third-in-current-fiscal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-says-hpcl-refining-margins-to-fall-by-one-third-in-current-fiscal\/","title":{"rendered":"Fitch says HPCL refining margins to fall by one-third in current fiscal"},"content":{"rendered":"<p>Fitch Ratings on Monday said it expects Hindustan Petroleum Corp Ltd&#8217;s (HPCL) refining margins to fall by one-third during the current fiscal due to volatility in crude prices leading to inventory losses. <\/p>\n<p>Fitch affirmed HPCL&#8217;s rating &#8216;BBB-&#8216; with stable outlook, in line with the credit profile of its largest shareholder Oil and Natural Gas Corp Ltd (ONGC). <\/p>\n<p>&#8220;The agency assesses HPCL&#8217;s standalone credit profile at &#8216;bb&#8217; to reflect its position as one of India&#8217;s biggest oil-marketing companies, average-but-improving complexity of its refining assets and moderate financial profile,&#8221; Fitch said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings on Monday said it expects Hindustan Petroleum Corp Ltd&#8217;s (HPCL) refining margins to fall by one-third during the current fiscal due to volatility in crude prices leading to inventory losses. Fitch affirmed HPCL&#8217;s rating &#8216;BBB-&#8216; with stable outlook, in line with the credit profile of its largest shareholder Oil and Natural Gas Corp Ltd (ONGC). &#8220;The agency assesses HPCL&#8217;s standalone credit profile at &#8216;bb&#8217; to reflect its position as one of India&#8217;s biggest oil-marketing companies, average-but-improving complexity of its refining assets and moderate financial profile,&#8221; Fitch said in a statement.<\/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-309094","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\/309094","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=309094"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/309094\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=309094"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=309094"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=309094"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}