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Moody’s hikes MGM’s rating outlook to positive

SAN FRANCISCO (MarketWatch) — Moody’s Investors Service on Tuesday hiked MGM Resort International’s rating outlook to positive from stable and affirmed its Caa1 corporate family rating. Moody’s also assigned a Caa1 rating to the company’s new $500 million 10% senior unsecured notes due 2016. “The outlook revision to positive reflects the favorable impact on MGM’s [...]

IOC hikes petrol price by 72 paise a litre

Indian Oil Corporation, the nation’s largest fuel retailer, today hiked petrol prices by 72 paise a litre effective midnight. While Bharat Petroleum Corporation Ltd announced a 70 paise per litre increase in petrol prices yesterday, Hindustan Petroleum Corporation is expected to follow suit in a day or two. View full post on Business Stories