Fitch Ratings has revised the outlook on the Long-Term Issuer Default Ratings (IDR) of Oil India to Negative from Stable on June 22, 2020. The Long-Term IDR of the Company has been affirmed at BBB- and Standalone Credit Profile (SCP) of the Company is assessed at bb+.
Oil India, a Navratna Company, is Asia's oldest and biggest pioneer oil exploration and Production Company.