Credit rating agency, Fitch Ratings has affirmed Hindustan Petroleum Corporation’s (HPCL) Long Term Foreign Currency Issuer Default Rating (IDR) at ‘BBB’ with positive outlook.
Hindustan Petroleum Corporation is a producer of motor spirit, high speed diesel and liquefied petroleum gas (LPG). The Company has two business segments: Downstream, which is engaged in refining, marketing and transportation of petroleum products, and Exploration and Production of Hydrocarbons.