New Delhi [India], July 18 (ANI): Moody's Ratings on Thursday affirmed a stable outlook for state-owned oil companies Indian Oil Corporation Ltd (IOCL) and Bharat Petroleum Corporation Limited (BPCL), the rating agency said in two separate statements.
The upgrade reflects the expectation that the company's credit metrics will remain strong over the next 2-3 years despite a moderation in earnings and high capital spending,
