20.08.2013 08:29:00
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ONGC Videsh Limited -- Moody's: Credit quality of Indian oil companies may weaken
Singapore, August 20, 2013 -- Moody's Investors Service says the credit quality of state-owned oil marketing and upstream oil companies in India will likely weaken for the rest of FY2014 (April 2013--March 2014), if the government continues to ask them, as it did in April-June, to share a higher burden of the country's fuel subsidies.