Fitch affirms GAIL (India) at ‘BBB-‘; outlook negative

Fitch Ratings

Fitch Ratings has affirmed GAIL (India) Limited’s long-term foreign-currency issuer default rating at ‘BBB-‘ with a negative outlook.

The utility’s rating is capped at the same level as the Indian sovereign rating (BBB-/Negative), based on Fitch’s Government-Related Entities (GRE) Rating Criteria, and the negative outlook reflects the outlook on the sovereign rating.

GAIL India was quoting at Rs 153, up Rs 0.75, or 0.49 percent on the BSE.
News Source:- Moneycontrol

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