By monika singh | 08 Mar, 2022
Russia-linked Indian refiner put under credit watch, CARE Ratings says
India’s CARE Ratings Monday said it has placed the long-term ratings of Indian refiner Nayara Energy, part owned by Russia’s Rosneft, on ‘credit watch with negative implications’ due to sanctions against Moscow for its invasion of Ukraine. Oil major Rosneft owns a 49.13% stake in Nayara while a similar-sized holding is split between global commodities trading house Trafigura and Cyprus-...