Moody's revise credit rating of GAIL India Ltd

Moody's Investors Service, Singapore on 2nd June 2020 has informed that they have revised the Issuer Credit Rating of GAIL (India) Limited by one notch from Baa2 to Baa3.

The revision in the Credit Rating was done as Moody's has revised the rating of various Government related issuers (GRI) including that of GAIL (India) Limited in line with the revision of India's Sovereign Rating from Baa2 to Baa3 on 1st June, 2020 by Moody's. The ratings of GRIs are closely linked with the rating of their Government owner.

Shares of GAIL (INDIA) LTD. was last trading in BSE at Rs.96.3 as compared to the previous close of Rs. 96.65. The total number of shares traded during the day was 553073 in over 3260 trades.

The stock hit an intraday high of Rs. 99.75 and intraday low of 95.8. The net turnover during the day was Rs. 54003528.

Source : Equity Bulls

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