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Fitch gives Indian Oil program AAA(ind)
Fitch Ratings said it has assigned a AAA(ind) national rating to Indian Oil Corp. Ltd.'s 20 billion rupee long-term debt program, and has simultaneously affirmed its long-term foreign currency issuer default rating at BBB- and its national long-term rating at AAA(ind).
The outlook remains negative.
Fitch said it has also affirmed the company's 15 billion rupee and 25 billion rupee long-term debt programs at AAA(ind).
The agency said that Indian Oil's FY09 consolidated revenue and EBITDA were 2.861 trillion rupee 62 billion rupee, respectively.
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