Fitch Rates Bharat Petroleum’s US$ 2bn MTN Programme as ‘BBB-‘

Company’s net leverage to increase to around 5x over the next two to three years Singapore/Mumbai, Jan.28: Fitch Ratings has assigned a ‘BBB-‘ rating to India-based Bharat Petroleum Corporation Limited’s (BPCL; BBB-/Stable) USD2bn medium-term note programme. KEY RATING DRIVERS Strong Government Linkage: BPCL has very strong linkages – operationally and strategically – with its 54.9%… Read More Fitch Rates Bharat Petroleum’s US$ 2bn MTN Programme as ‘BBB-‘