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Moody’s assigns ‘Baa3’ issuer rating to HPCL

23 Feb 2016 Evaluate

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).



Peers
Company Name CMP
Reliance Industries 1209.50
Indian Oil Corpn. 133.95
Bharat PetroleumCorp 305.55
HPCL 346.15
MRPL 171.90
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