Fitch Ratings Affirms ONGC Credit Rating with Stable Outlook
Oil and Natural Gas Corporation Limited (ONGC) has received a rating affirmation from Fitch Ratings. The agency maintained the company's rating at 'BBB-' with a Stable outlook. Additionally, the Standalone Credit Profile (SCP) for the company has been raised to 'bbb+'.The credit rating profiles for various instruments issued by ONGC and its subsidiaries are detailed below:
| Instruments | Rating Agency | Rating | Outlook |
|---|---|---|---|
| International Bonds (Senior unsecured notes) issued by company and subsidiaries which are guaranteed by the Company | Moody's Investors Service | Foreign Currency Rating: Baa3 Local Currency Rating: Baa3 | Stable |
| International Bonds (Senior unsecured notes) issued by company and subsidiaries which are guaranteed by the Company | S&P Global Ratings | Long Term Issue Rating: BBB | Stable |
| International Bonds (Senior unsecured notes) issued by company and subsidiaries which are guaranteed by the Company | Fitch Ratings | Long Term Foreign Currency Issuer Default Rating: BBB- | Stable |
| Commercial Paper up-to Rs. 10,000 Crore outstanding at any point of time | CARE Ratings Limited | CARE A1+ | - |
| Commercial Paper up to Rs. 10,000 Crore outstanding at any point of time | India Ratings and Research Private Limited | IND A1+ | - |
| Non-Convertible Debentures for Rs. 8,500 Crore | ICRA Limited | [ICRA] AAA | Stable |
| Non-Convertible Debentures for Rs. 1,000 Crore | India Ratings and Research Private Limited | IND AAA | Stable |
| Non-Convertible Debentures for Rs. 7,500 Crore | CARE Ratings Limited | CARE AAA | Stable |
ONGC Stock Price Movement
Oil & Natural Gas Corporation Limited shares today slipped by 0.08% to settle at ₹246.75. The stock traded with a volume of 6.24 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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