{"id":451637,"date":"2021-11-24T10:51:15","date_gmt":"2021-11-24T05:21:15","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=451637"},"modified":"2021-11-24T12:48:12","modified_gmt":"2021-11-24T07:18:12","slug":"reliance-credit-quality-not-impacted-by-aramco-decision-moodys-5","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-credit-quality-not-impacted-by-aramco-decision-moodys-5\/","title":{"rendered":"Reliance credit quality not impacted by Aramco decision: Moody&#8217;s"},"content":{"rendered":"<p>The reevaluation of the decision to sell a 20 per cent stake in Reliance Industries Ltd&#8217;s oil-to-chemical business to Saudi Aramco will not impact the firm&#8217;s credit quality, Moody&#8217;s Investors Service said Tuesday. <\/p>\n<p>On November 19, the conglomerate announced that it will reevaluate the transfer of its oil-to-chemical (O2C) business &#8211; comprising its refining, marketing and petrochemical operations &#8211; to a wholly-owned subsidiary.<\/p>\n<p>The proposed business reorganisation was intended to enable RIL to sell a stake in its O2C segment to strategic investors, including Saudi Arabian Oil Company (Aramco).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The reevaluation of the decision to sell a 20 per cent stake in Reliance Industries Ltd&#8217;s oil-to-chemical business to Saudi Aramco will not impact the firm&#8217;s credit quality, Moody&#8217;s Investors Service said Tuesday. On November 19, the conglomerate announced that it will reevaluate the transfer of its oil-to-chemical (O2C) business &#8211; comprising its refining, marketing and petrochemical operations &#8211; to a wholly-owned subsidiary. The proposed business reorganisation was intended to enable RIL to sell a stake in its O2C segment to strategic investors, including Saudi Arabian Oil Company (Aramco).<\/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":[146,130,177],"tags":[],"class_list":["post-451637","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-oil-gas-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451637","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=451637"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/451637\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=451637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=451637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=451637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}