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Fitch Ratings revises outlook on Long-Term Issuer Default Rating of Oil India to negative

24 Jun 2020 Evaluate

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.

Peers
Company Name CMP
ONGC 221.10
Oil India 442.65
Jindal Drilling&Inds 572.80
Deep Industries 746.50
Asian Energy Service 450.15
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