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Fitch Ratings revises BPCL’s outlook to negative

23 Jun 2020 Evaluate

Fitch Ratings has revised the outlook on Bharat Petroleum Corporation (BPCL) to negative from stable and affirmed the long term Issuer Default Rating (IDR) at BBB- with the revision of the outlook on sovereign rating of India. The rating assigned by Fitch Ratings to BPCL is BBB- (Negative) in respect of Senior Unsecured Debt- Foreign Currency.

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.

Peers
Company Name CMP
Reliance Industries 1257.10
Indian Oil Corpn. 134.50
Bharat PetroleumCorp 292.00
HPCL 348.40
MRPL 179.35
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