Oil prices to stay volatile and range-bound irrespective of OPEC meeting outcome: Vikas Halan, Moody'sBy 2019 second half, once infra bottlenecks are out, Brent and WTI divergence will narrow, says Halan.
ONGC, Oil India could help government meet shortfall due to oil price rise by subsidy sharing: Vikas Halan, Moody's“When oil prices go up, the upstream companies benefit and the subsidy sharing brings it down a little bit.”
Why Moody’s is sure oil price will remain in $45-65 range“The Brent crude is at $70-72 whereas WTI remains at $66 – the $6 gap has widened.”
Impact of interconnect norms for telcos not to be severe: Vikas Halan, Moody's Investor ServiceAfter a couple of years, there will be very symmetrical traffic as the telcos get even market share.
Moody's affirms Baa2 ratings on Oil India LimitedMoody's Investors Service has affirmed Oil India Limited's (Oil India) Baa2 issuer and bond ratings mainly due to revision of its assumptio...
Government's 10% stake sale not to impact IOC's ratings: Moody'sThe government on Monday sold 10 per cent stake in IOC through an offer for sale and raised over Rs 9,300 crore.
Moody's, Fitch assign Baa3, BBB rating to BPCL $2-billion bond saleMoody's and Fitch today assigned Baa3 and BBB- ratings with stable outlook respectively, in line with the sovereign's, to the proposed bond...
Moody's revises non-financial companies' ratings outlook to stable'We would change the outlook back to negative if growth falls below 5 per cent and leads to a deterioration in credit metrics.'
'Foreign currency bonds by non-financial companies to hit a high'Cross-border bond issues by non-financial companies during January-July reached $11.2 billion, already surpassing $10.2-billion bonds issue...
Non-financial cos to raise $14 bn in forex debt this year: Moody'sForeign currency bond issuances by non-financial companies in India will reach a record high of $13-14 billion this calendar, Moody’s said.
Indian refiners' credit metrics to improve in 12 months: Moody'sIndian Oil Corp and Bharat Petroleum Corp Ltd reported stronger normalised earnings (excluding the impact of foreign-exchange fluctuations).
RIL's Q1 performance supports credit profile: Moody'sRIL is in the midst of a large three-year capital investment plan across its businesses in refining and petrochemical, upstream oil & gas, ...
Moody's: cut in subsidies would be credit positive for IOC, BPCL, HPCLCurrently, the government keeps the prices of these three products at below international market prices and compensates retailers for the l...
Delay in gas price hikes is credit negative for ONGC, Oil India & RIL: Moody'sGas price hike delay will halve rise in revenues for FY15 that upstream producers would have achieved if price hikes were implemented from ...
Falling rupee to impact oil companies, put pressure on current account deficitContinuing its slide, the rupee today breached 64-mark against dollar by falling 98 paise to trade at record low of 64.11 on persistent dol...
- IOC borrowings hit record on delay in subsidy payment: Moody's
Moody's Investors Service said IOC's October-December results were better-than-expected because of its higher gross refining margins of $6....
- Moody’s assigns Baa2 to Reliance’s proposed USD perpetual bonds
Moody’s expects to remove the provisional status of the bond rating upon closing of the proposed issuance and a review of its final terms.