Moody’s Investors Service has affirmed Oil India Limited’s (Oil India) Baa2 issuer and bond ratings mainly due to revision of its assumptions for oil prices. <\/p>\n
Moody’s expects the crude oil price will stay at current low level for longer period <\/p>\n
Oil India’s Baa2 rating is equivalent to its baa2 baseline credit assessment (BCA). <\/p>\n
‘The affirmation of ratings on Oil current price assumption for Brent is $43 per barrel and $48 India reflects the reduction in fuel subsidy burden that partly offsets the impact of low oil prices resulting in a much lower decline in net realized prices of oil for the companies,” said Vikas Halan, a Moody’s Vice President and Senior Credit Officer. “Oil India’s net oil price realization was $46.2 per barrel in fiscal year ending March 2015 and will average $44 per barrel over the next 3 years, based on our oil price and fuel subsidy burden assumptions.” <\/p>\n","protected":false},"excerpt":{"rendered":"
Moody’s Investors Service has affirmed Oil India Limited’s (Oil India) Baa2 issuer and bond ratings mainly due to revision of its assumptions for oil prices. Moody’s expects the crude oil price will stay at current low level for longer period Oil India’s Baa2 rating is equivalent to its baa2 baseline credit assessment (BCA). ‘The affirmation of ratings on Oil current price assumption for Brent is $43 per barrel and $48 India reflects the reduction in fuel subsidy burden that partly offsets the impact of low oil prices resulting in a much lower decline in net realized prices of oil for […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-46672","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/46672","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=46672"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/46672\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=46672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=46672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=46672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}