OIL share buyback may weaken its financial profile: Fitch

This rate is higher than the rating agency#39;s previous expectation of 2.2x (times), shrinking the already-low headroom for OIL#39;s #39;BBB-#39; standalone credit profile as Fitch#39;s current negative rating norms for net leverage is 2.5 times.

from Moneycontrol Business News https://ift.tt/2Ay6YEA