Indian Oil Corporation Limited has informed the Exchange about Credit Rating- New
IOC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indian Oil Corporation has informed the exchange that ICRA Limited has assigned new credit ratings to the company. For Long Term Bank Facilities, ICRA has assigned [ICRA] AAA with a Stable outlook, and for Short Term Bank Facilities, [ICRA] A1+ rating has been assigned. The filing also includes a comprehensive rating list from multiple rating agencies including S&P (BBB stable), Moody's (Baa3 stable), Fitch (BBB- stable), CRISIL (AAA stable), CARE (AAA stable), and India Ratings (IND AAA stable). All ratings indicate the highest investment-grade quality, reflecting strong creditworthiness.
This is a positive development for Indian Oil Corporation. The AAA and A1+ ratings from ICRA, alongside consistent top-tier ratings from multiple global and domestic agencies, signal very low credit risk and should support investor confidence and potentially lower borrowing costs for the company.