26.08.2015 10:13:00
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India, Government of -- Moody's: Indian Oil Corporation's ratings unaffected by government stake sale
Singapore, August 26, 2015 -- Moody's Investors Service says that the Government of India's (Baa3 positive) sale of its 10% stake in Indian Oil Corporation Ltd (IOC, Baa3 positive) has no impact on the company's ratings. After the stake sale, the government will continue to hold a majority stake of 58.57% in IOC.