Indian Oil Corporation Limited Receives Credit Ratings from Multiple Agencies
Indian Oil Corporation Limited has received various credit ratings for its debt instruments from prominent rating agencies. The ratings cover instruments such as Bank Facilities, Senior Unsecured Debt, and Non-Convertible Debentures, providing details on the current credit standing of the company's various liabilities.According to the information, the company received an update from ICRA Limited regarding specific bank facilities. In this assessment, ICRA assigned the following ratings:
| Instrument | Rating Agency | Rating | Outlook |
|---|---|---|---|
| Bank Facilities - Long Term | ICRA | AAA | Stable |
| Bank Facilities - Short Term | ICRA | A1+ | - |
Furthermore, the company's instruments were assessed by a broader range of rating agencies in a separate report. This comprehensive assessment included ratings for multiple debt structures, detailing the agency, the assigned rating, and the outlook status.
The credit ratings assigned to Indian Oil Corporation Limited for various debt instruments are detailed below:
| Instrument | Rating Agency | Rating | Outlook |
|---|---|---|---|
| Issuer Rating | S&P Global | BBB | Stable |
| Senior Unsecured Debt - Foreign Currency | Moody's | Baa3 | Stable |
| Senior Unsecured Debt - Foreign Currency | Fitch | BBB- | Stable |
| Non-Convertible Debenture | CRISIL | CRISIL AAA | Stable |
| Non-Convertible Debenture | India Ratings | IND AAA | Stable |
| Non-Convertible Debenture | ICRA | ICRA AAA | Stable |
| Bank Facilities - Long Term | CRISIL | CRISIL AAA | Stable |
| Bank Facilities - Long Term | CARE | CARE AAA | Stable |
| Bank Facilities - Short Term | CRISIL | CRISIL A1 + | |
| Bank Facilities - Short Term | CARE | CARE A1+ | |
| Commercial Paper | ICRA | ICRA A1+ | |
| Commercial Paper | India Ratings | IND A1+ | |
| Bank Facilities - Long Term | ICRA | ICRA AAA | Stable |
| Bank Facilities - Short Term | ICRA | ICRA A1+ |
IOC Stock Price Movement
On Friday, Indian Oil Corporation Limited shares slipped by 3.82% to close at ₹134.48. Trading volume for the stock was robust, reaching 30.35 million shares.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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