March 6, 2020 / 4:29 AM / in a month

BRIEF-Fitch Ratings Says Elevated Leverage For Indian Refiners In Near Term, Ratings Stable

March 5 (Reuters) - Fitch:

* FITCH RATINGS SAYS ELEVATED LEVERAGE FOR INDIAN REFINERS IN NEAR TERM, RATINGS STABLE

* FITCH-EXPECTS CREDIT METRICS OF INDIAN REFINING COMPANIES TO WEAKEN DURING FINANCIAL YEARS ENDING MARCH 2020 & FY21

* FITCH ON INDIAN REFINERS SAYS LOWER DEMAND FOR TRANSPORTATION FUEL ON ACCOUNT OF CORONAVIRUS OUTBREAK TO SHRINK MARGINS

* FITCH ON INDIAN REFINERS SAYS DAMAGE TO MARGINS, CREDIT METRICS, COULD BE SEVERE IF OUTBREAK CONTINUES, WOULD PRESSURE STANDALONE CREDIT PROFILES Source text for Eikon:

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