{"id":359072,"date":"2020-06-24T11:38:39","date_gmt":"2020-06-24T06:08:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359072"},"modified":"2020-06-24T12:12:14","modified_gmt":"2020-06-24T06:42:14","slug":"fitch-revises-outlook-of-ioc-ntpc-among-other-state-owned-firms-to-negative","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-revises-outlook-of-ioc-ntpc-among-other-state-owned-firms-to-negative\/","title":{"rendered":"Fitch revises outlook of IOC, NTPC among other state-owned firms to negative"},"content":{"rendered":"<p>Fitch Ratings on Tuesday said it has revised the outlook on ratings of six government-owned firms such as Indian Oil Corp (IOC), NTPC and GAIL to \u2018negative\u2019 from \u2018stable\u2019, following a change in outlook on sovereign India rating.<\/p>\n<p>The PSUs whose rating outlook has been revised include IOC, Bharat Petroleum Corp Ltd (BPCL), Oil India Ltd (OIL), GAIL India Ltd, Power Grid Corp of India Ltd and NTPC Ltd.<\/p>\n<p>\u201cFitch Ratings has revised the outlook on the long-term issuer default ratings (IDR) of six rated Indian government-related entities (GREs) to Negative from Stable. The entities\u2019 long-term IDRs are affirmed at \u2018BBB-\u2018. The rating action follows the revision of the Outlook on India\u2019s \u2018BBB-\u2018 sovereign rating to Negative from Stable on June 18,\u201d it said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings on Tuesday said it has revised the outlook on ratings of six government-owned firms such as Indian Oil Corp (IOC), NTPC and GAIL to \u2018negative\u2019 from \u2018stable\u2019, following a change in outlook on sovereign India rating. The PSUs whose rating outlook has been revised include IOC, Bharat Petroleum Corp Ltd (BPCL), Oil India Ltd (OIL), GAIL India Ltd, Power Grid Corp of India Ltd and NTPC Ltd. \u201cFitch Ratings has revised the outlook on the long-term issuer default ratings (IDR) of six rated Indian government-related entities (GREs) to Negative from Stable. The entities\u2019 long-term IDRs are affirmed at [&hellip;]<\/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":[130],"tags":[],"class_list":["post-359072","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359072","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=359072"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359072\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}