Singapore, February 18, 2014 -- Moody's Investors Service says that Indian Oil Corporation's (IOC, Baa3 stable) results for the quarter ending 31 December 2013 (Q3) were affected by low fuel subsidy reimbursement by the Government of India (Baa3 stable). The results, however, show relatively stable underlying performance, and are supportive of the company's Baa3 issuer rating with a stable outlook.
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