{"id":422588,"date":"2021-06-26T08:46:36","date_gmt":"2021-06-26T03:16:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=422588"},"modified":"2021-06-26T09:03:55","modified_gmt":"2021-06-26T03:33:55","slug":"fitch-affirms-gas-utility-gail-india-at-bbb-minus-with-negative-outlook","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-affirms-gas-utility-gail-india-at-bbb-minus-with-negative-outlook\/","title":{"rendered":"Fitch affirms gas utility GAIL India at BBB-minus with negative outlook"},"content":{"rendered":"<p>Fitch Ratings has affirmed GAIL India Ltd&#8217;s long-term foreign-currency issuer default rating at BBB-minus with a negative outlook. <\/p>\n<p>The utility&#8217;s rating is capped at the same level as Indian sovereign rating (BBB-minus\/negative) based on Fitch&#8217;s government-related entities rating criteria, and the negative outlook reflects the outlook on sovereign rating. <\/p>\n<p>&#8220;We assess GAIL&#8217;s standalone credit profile at &#8216;bbb&#8217; supported by its dominant market position in the regulated gas-transmission business, diversification into other business segments and healthy credit metrics,&#8221; said Fitch. <\/p>\n<p>EBITDA is expected to increase by 30 per cent in the financial year ending March 2022 (FY22) after dropping by 6 per cent in FY21.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings has affirmed GAIL India Ltd&#8217;s long-term foreign-currency issuer default rating at BBB-minus with a negative outlook. The utility&#8217;s rating is capped at the same level as Indian sovereign rating (BBB-minus\/negative) based on Fitch&#8217;s government-related entities rating criteria, and the negative outlook reflects the outlook on sovereign rating. &#8220;We assess GAIL&#8217;s standalone credit profile at &#8216;bbb&#8217; supported by its dominant market position in the regulated gas-transmission business, diversification into other business segments and healthy credit metrics,&#8221; said Fitch. EBITDA is expected to increase by 30 per cent in the financial year ending March 2022 (FY22) after dropping by 6 [&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-422588","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\/422588","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=422588"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422588\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=422588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=422588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=422588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}