{"id":372868,"date":"2020-09-10T08:38:43","date_gmt":"2020-09-10T03:08:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=372868"},"modified":"2020-09-10T09:17:10","modified_gmt":"2020-09-10T03:47:10","slug":"fitch-affirms-bharat-petroleum-at-bbb-minus-with-negative-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-affirms-bharat-petroleum-at-bbb-minus-with-negative-outlook\/","title":{"rendered":"Fitch affirms Bharat Petroleum at BBB-minus with negative outlook"},"content":{"rendered":"<p>Fitch Ratings has affirmed Bharat Petroleum Corporation Ltd&#8217;s (BPCL&#8217;s) long-term foreign-currency issuer default rating at BBB-minus with a negative outlook. <\/p>\n<p>The agency has also affirmed BPCL&#8217;s senior unsecured rating and the ratings on its outstanding senior unsecured debt at BBB-minus. Fitch has also affirmed the rating on subsidiary BPRL International Singapore Pte Ltd&#8217;s US dollar guaranteed notes at BBB-minus. <\/p>\n<p>Fitch said the negative outlook reflects that on the Indian sovereign. <\/p>\n<p>&#8220;Our rating case incorporates weak petroleum product demand and gross refining margins in the near term followed by a gradual recovery and strong marketing margins, reflecting BPCL&#8217;s ability to reap some benefits from low oil prices in its marketing segment, without a full cost pass-through to consumers.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings has affirmed Bharat Petroleum Corporation Ltd&#8217;s (BPCL&#8217;s) long-term foreign-currency issuer default rating at BBB-minus with a negative outlook. The agency has also affirmed BPCL&#8217;s senior unsecured rating and the ratings on its outstanding senior unsecured debt at BBB-minus. Fitch has also affirmed the rating on subsidiary BPRL International Singapore Pte Ltd&#8217;s US dollar guaranteed notes at BBB-minus. Fitch said the negative outlook reflects that on the Indian sovereign. &#8220;Our rating case incorporates weak petroleum product demand and gross refining margins in the near term followed by a gradual recovery and strong marketing margins, reflecting BPCL&#8217;s ability to reap [&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":[135,130,169],"tags":[],"class_list":["post-372868","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\/372868","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=372868"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/372868\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=372868"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=372868"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=372868"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}