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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 224.90
Oil India 449.80
Jindal Drilling&Inds 500.05
Deep Industries 674.55
Asian Energy Service 414.45
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