Fitch Ratings has affirmed a ‘BBB-‘ rating to gas utility GAIL (India) Ltd, with a stable outlook, on premise that the firm’s financial profile will remain strong.<\/p>\n
Its rating is capped by the Indian sovereign rating of ‘BBB-‘. The government owns 51.52 per cent in GAIL.<\/p>\n
“GAIL’s standalone credit profile (SCP) is ‘bbb’, supported by its dominant market position in the regulated utility gas-transmission business, diversification into other business segments, and healthy credit metrics,” Fitch said.<\/p>\n
GAIL is India’s largest gas transmission and gas marketing company, with a 14,502-kilometre gas pipeline network and capacity of 206 million standard cubic metres a day. Its natural gas pipeline network covers 21 states.<\/p>\n","protected":false},"excerpt":{"rendered":"
Fitch Ratings has affirmed a ‘BBB-‘ rating to gas utility GAIL (India) Ltd, with a stable outlook, on premise that the firm’s financial profile will remain strong. Its rating is capped by the Indian sovereign rating of ‘BBB-‘. The government owns 51.52 per cent in GAIL. “GAIL’s standalone credit profile (SCP) is ‘bbb’, supported by its dominant market position in the regulated utility gas-transmission business, diversification into other business segments, and healthy credit metrics,” Fitch said. GAIL is India’s largest gas transmission and gas marketing company, with a 14,502-kilometre gas pipeline network and capacity of 206 million standard cubic metres […]<\/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-501158","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\/501158","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=501158"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/501158\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=501158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=501158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=501158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}