June 9 (LNGJ) - The Indian LNG importer, Gas Authority of India, has had its credit rating cut by US agency Moody’s Investors Service by one notch from “Baa2” to “Baa3”. Indian pipeline network operator GAIL is also tolling contract holder at the Cove Point LNG export plant in the US state of Maryland.
“The revision in the credit rating was done as Moody’s has revised the rating of various Government-related issuers, including that of GAIL (India) Limited in line with the revision of India’s sovereign rating from ‘Baa2’ to ‘Baa3’ by Moody’s,” said GAIL in a statement.
