{"id":408175,"date":"2021-03-31T11:09:15","date_gmt":"2021-03-31T05:39:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=408175"},"modified":"2021-03-31T11:09:15","modified_gmt":"2021-03-31T05:39:15","slug":"moodys-lowers-oil-indias-credit-assessment-on-numaligarh-refinery-buyout","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-lowers-oil-indias-credit-assessment-on-numaligarh-refinery-buyout\/","title":{"rendered":"Moody\u2019s lowers Oil India\u2019s credit assessment on Numaligarh refinery buyout"},"content":{"rendered":"<p>Moody\u2019s Investors Service on Tuesday downgraded Oil India\u2019s (OIL\u2019s) baseline credit assessment (BCA) to \u2018ba1\u2019 from \u2018baa3\u2019 as it expects borrowings to fund the acquisition of the additional 54.2% stake in Numaligarh Refinery (NRL) for Rs 8,676 crore to put additional pressure the company\u2019s credit metrics.<\/p>\n<p>The recent acquisition increased OIL\u2019s stake in NRL to 80.2%. OIL\u2019s credit metrics were already ailing because of low oil and gas prices throughout 2020, the rating agency noted.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody\u2019s Investors Service on Tuesday downgraded Oil India\u2019s (OIL\u2019s) baseline credit assessment (BCA) to \u2018ba1\u2019 from \u2018baa3\u2019 as it expects borrowings to fund the acquisition of the additional 54.2% stake in Numaligarh Refinery (NRL) for Rs 8,676 crore to put additional pressure the company\u2019s credit metrics. The recent acquisition increased OIL\u2019s stake in NRL to 80.2%. OIL\u2019s credit metrics were already ailing because of low oil and gas prices throughout 2020, the rating agency noted.<\/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-408175","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\/408175","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=408175"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/408175\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=408175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=408175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=408175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}