ONGC's acquiring stake in Kashagan oilfield will raise debt

    Moody's rating agency has said ONGC's acquisition of ConocoPhillips' 8.4 per cent stake in Kazakhstan's Kashagan oilfield will be 'credit negative' as the state-owned firm's debt will rise by US $ 5 billion. "The acquisition would be funded with debt and would increase ONGC's consolidated net debt by at least...