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19.02.2014 10:49:00

Oil India Limited -- Moody's: India's budget provision insufficient to cover fuel subsidies

Singapore, February 19, 2014 -- Moody's Investors Service says that the fuel subsidy provision in the Government of India's (Baa3 stable) interim budget, announced on Monday, will not be sufficient to fully reimburse the under-recoveries of oil marketing companies (OMCs) including Indian Oil Corporation (Baa3 stable) and Bharat Petroleum Corporation (Baa3 stable).

Vollständigen Artikel bei Moodys lesen