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Prospect News home > News index > List of issuers I > Headlines for Indian Oil Corp. Ltd. > News item
Published on 7/26/2013 in the Prospect News Emerging Markets Daily.

Fitch: Indian Oil notes BBB-

Fitch Ratings said it has assigned Indian Oil Corp. Ltd.'s (BBB-/stable) $500 million of 5.75% senior unsecured notes due 2023 a final rating of BBB-.

The company's issuer default rating is equalized with that of India (BBB-/stable), which owns 78.92% of the oil company, to reflect strong strategic and operating linkages between the two entities, the agency said.


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