Wednesday, December 24, 2025 | 05:58 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

6 PSUs now 'fallen angels' after India's sovereign rating cut: Moody's

These six include Indian Oil Corporation, Hindustan Petroleum Corporation, Oil India, Petronet LNG, Bharat Petroleum Corporation and Oil and Natural Gas Corporation, the ratings agency said

Moody's, rating, credit
premium

Moody's had downgraded its rating on India by a notch recently on worries over growth and the fiscal strain

BS Web TeamPTI New Delhi
India's sovereign rating downgrade has created six "fallen angels", or companies in the non-financial sector whose ratings have dipped to just one notch away from being considered junk, global ratings agency Moody's Investors Service said on Tuesday.

Companies that move from investment grade category to sub-investment grade are sometimes referred as "Fallen Angels".

All these six companies are state-run enterprises in the oil and gas sector, and have $1 billion of rated bonds coming up for repayment till 2021, the agency said.


These six include Indian