Fitch Ratings has affirmed a 'BBB-' rating to gas utility GAIL (India), with a stable outlook, on premise that the its financial profile will remain strong. The government owns 51.52 per cent in GAIL.
GAIL's standalone credit profile (SCP) is 'bbb', supported by its dominant market position in the regulated utility gas-transmission business, diversification into other business segments, and healthy credit metrics.
GAIL (India) is India’s leading natural gas company with diversified interests across the natural gas value chain of trading, transmission, LPG production & transmission, LNG regasification, petrochemicals, city gas, E&P, etc.
