Moody’s retains Baa3 rating of BPCL

06 Jan 2017 Evaluate

Moody’s Investors Service has affirmed the Baa3 ratings of state-owned oil refining and marketing company Bharat Petroleum Corporation (BPCL). The outlook on the rating of oil refining and marketing company is positive.

The ratings affirmation reflects the continued improvement in the credit metrics of the company, as diminished levels of fuel subsidies and moderated working capital requirement - resulting from low oil prices - have reduced borrowings.

BPCL is into exploration, production and retailing of petroleum and petrol related products. The retail business unit of BPCL is into marketing of petrol, diesel and kerosene.

BPCL Share Price

603.00 8.00 (1.34%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Reliance Industries 2976.80
Indian Oil Corp. 167.75
BPCL 603.00
HPCL 475.80
MRPL 218.70
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