Moody's upgrades issuer ratings of 5 Indian non-financial corporates following sovereign upgrade
Rating Action: Moody's upgrades issuer ratings of 5 Indian non-financial corporates following sovereign upgrade. Global Credit Research- 17 Nov 2017. Singapore, November 17, 2017-- Moody's Investors Service has taken a number of rating actions on Indian non-financial corporates, following its earlier announcement that it has upgraded India's sovereign rating to Baa2 from Baa3.Oil and Natural Gas is engaged in exploration, development and production of crude oil and natural gas. Co.'s business also includes niche areas like -processing of crude oil & natural gas; oil field services, transportation of the oil and natural gas, production of value added products like - LPG, Naphtha, Superior Kerosine Oil, ATF, C2-C3, etc., Refinery, Petrochemicals, Power, unconventional and alternate sources of energy. Co.'s five international locations as per oil & gas production are in Vietnam, Russia, Venezuela, Sudan, South Sudan, and Colombia. Co.'s five international locations as per oil & gas reserves are in Russia, Venezuela, Sudan, South Sudan, Myanmar and Vietnam.
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