BRIEF: Moody's Says US Sanctions On Iranian Crude Oil Are Credit

Moody's Investors Service:

* MOODY'S SAYS EXPECT INDIAN REFINERS WILL EITHER HAVE TO SIGNIFICANTLY REDUCE OR COMPLETELY STOP IMPORTING CRUDE OIL FROM IRAN OVER NEXT MONTH OR SO

* MOODY'S-ASSUMING CESSATION OF CRUDE OIL IMPORTS FROM IRAN; ESTIMATES TOTAL DECLINE IN EARNINGS FOR INDIAN REFINERS TO BE ABOUT $400-$500 MILLION IN FY19

* MOODY'S SAYS EXPECT THE IMPACT ON THE INDIAN REFINERS’ CREDIT METRICS TO BE LIMITED

* MOODY'S SAYS US SANCTIONS ON IRANIAN CRUDE OIL ARE CREDIT NEGATIVE FOR INDIAN REFINERS

((Reuters.Briefs@thomsonreuters.com;))