Worldwide credit scores agency Moody’s Investors Providers has devalued the rankings of major Indian business like Oil and Natural Gas Corporation Ltd. (ONGC), Hindustan Petroleum Corporation Ltd. (HPCL), Oil India Limited (OIL), Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Limited (BPCL), Petronet LNG Limited (PLL), Tata Consultancy Services Limited (TCS), Infosys Limited (Infosys) to ‘unfavorable’ on Tuesday after it downgraded India’s sovereign ranking to Baa3 unfavorable from Baa2 on June 1.
In addition, Moody’s has actually verified the long-lasting provider ratings of Dependence Industries Limited (RIL) to ‘negative’ from ‘stable’ while the outlooks for UPL Corporation Limited (UPL Corp) and Genpact Limited (Genpact) remains stable.
Under Moody’s j