Moody’s changes views for eight Indian corporates to negative

Moody’s Investors Service said it changed the outlooks for eight Indian corporates following the change in outlook on India to negative from stable.

“The negative outlook reflects that Moody’s will downgrade the ratings of these companies if Moody’s downgrades the rating of India sovereign to Baa3 from Baa2,” said Moody’s in a press release.

The companies are Bharat Petroleum Corp. Ltd., Hindustan Petroleum Corp. Ltd., Indian Oil Corp. Ltd., Oil and Natural Gas Corp. Ltd., Oil India Ltd., Petronet LNG Ltd., Infosys Ltd., and Tata Consultancy Services Ltd.

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