n a similar move, Fitch Ratings on 29th June'10 has revised the Outlook from Negative to Stable on Long Term Foreign Currency Issuer Rating of 'BBB-' and National Long Term Rating of 'AAA (ind)' of IndianOil.
The typical characterstic of the chemical is of pyropheric nature, which once in contact with air , catches fire. It cannot be extinguished by using water or foam and is best allowed to be burnt out in containment.