Indian Oil Corporation Limited Receives Ratings from Global Credit Rating Agencies
Indian Oil Corporation Ltd (IOC) has received various credit ratings for its debt instruments from multiple leading credit rating agencies, including S&P Global, ICRA, CRISIL, CARE, and India Ratings & Research Pvt. Ltd.The assigned ratings cover different facets of the company's debt profile, ranging from issuer ratings to specific facility types such as bank facilities and unsecured debentures across long-term and short-term instruments.
According to the rating assignments, IOC holds a BBB rating for its Issuer Rating from S&P Global, while it was rated Baa3 (Stable) for 20 Unsecured Debt in Foreign Currency. Senior Unsecured Debt in Foreign Currency received a rating of BBB- with a Stable outlook.
The company’s non-convertible debentures were assessed by various agencies, achieving highly stable ratings. For Non-Convertible Debenture, CRISIL assigned AAA, while India Ratings provided IND AAA. ICRA also rated the Non-Convertible Debenture as AAA.
Various bank facilities and commercial paper instruments were also rated across different financial institutions:
| Instrument | Rating Agency | Rating | Outlook |
|---|---|---|---|
| Bank Facilities - Long Term | CRISIL | AAA | Stable |
| Long Term Bank Facilities | ICRA | AAA | Stable |
| Non-Convertible Bank Facilities - Long Term | India Ratings | IND AAA | Stable |
| Bank Facilities - Short Term | ICRA | A1+ | Stable |
| Bank Facilities - Short Term | India Ratings | IND A1+ | |
| Commercial Paper | ICRA | Cd | |
| Commercial Paper | India Ratings | TICRA AT+ A1+ InNDAT A+ |
The ratings assigned by the agencies also reflect strong assessments across various types of debt. Specifically, CARE awarded AAA to Bank Facilities, while CRISIL rated Long Term Bank Facilities as AAA with a Stable outlook. ICRA provided AAA for Long Term Bank Facilities.
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Disclaimer: This report is based exclusively on the corporate data provided and does not include external financial advice or market commentary.
IOC Stock Price Movement
Today, shares of Indian Oil Corporation Limited shed value after closing at ₹139.18, sinking 2.90% in late trading. The stock saw an intraday range between a low of ₹138.9 and a high of ₹143.41, with nearly 14.94 million shares traded 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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