CARE Assigns and Reaffirms Ratings for Bharat Petroleum Corporation's Commercial Papers
CARE Ratings Limited has provided credit ratings to the Commercial Papers of Bharat Petroleum Corporation Ltd, assigning and reaffirming ratings across various instruments related to the company’s commercial paper issuance.The ratings cover existing Commercial Paper issuances as well as capacity allocated for future issues.
| Instrument | ISIN | Amount (₹ crore) | Rating | Rating Action |
|---|---|---|---|---|
| Commercial Paper | INE029A14BV8 | 3,000.00 | CARE A1+ | Reaffirmed |
| Commercial Paper | INE029A14BW6 | 3,500.00 | CARE A1+ | Reaffirmed |
| Commercial Paper (For future issuances) | N/A | 3,500.00 | CARE A1+ | Assigned |
The ratings from CARE Ratings Limited reflect the company's standing regarding these instruments.
BPCL Stock Price Movement
On Friday, Bharat Petroleum Corporation Limited shares edged higher, settling at ₹310.15 after gaining 0.05%. The stock saw a trading volume of 5.80 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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