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Prospect News home > News index > List of issuers I > Headlines for Indian Oil Corp. Ltd. > News item |
Fitch rates Indian Oil notes BBB-
Fitch Ratings said it assigned Indian Oil Corp. Ltd.'s (BBB-/stable) dollar-denominated notes an expected rating of BBB-.
The notes will rank pari passu with other senior unsecured borrowings of the company, Fitch said.
The rating is in line with the company’s long-term issuer default rating of BBB- as they will be direct, unconditional and unsecured obligations of the company, the agency said.
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