Global credit rating agency, Moody’s Investors Service (Moody’s) has assigned a first time ‘Baa3’ issuer rating to Hindustan Petroleum Corporation (HPCL). The outlook for the rating is positive.
HPCL operates two major refineries producing a wide variety of petroleum fuels and specialties, one in Mumbai (west coast) of 6.5 million metric tonnes per annum (MMTPA) capacity and the other in Vishakapatnam (east coast).