Indian Oil Corporation announced that Credit Rating Agency ?Fitch? has revised the credit rating outlook of Government of India. The rating outlook of Indian Oil is closely linked with that of the Government of India. As a result, Fitch has upgraded the rating outlook for Indian Oils debt instrument viz. ?Senior Unsecured Debt ? Foreign Currency? from ?Negative? to ?Stable?, in line with the change in outlook of the Sovereign rating. However, the rating is reaffirmed at ?BBB-. Powered by Capital Market – Live News
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