Announced Thu, 16 Jul · 15:32 IST
Fitch raises ONGC standalone credit profile to bbb plus; affirms BBB minus stable
ONGC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹246.99
prior close
₹246.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.5+0.3+0.4+1.2+1.2+1.9+2.1+0.8—————
Up moveDown movePending
AI summary
Fitch affirmed ONGC's Foreign Currency Issuer Default Rating at BBB minus with Stable outlook and raised its Standalone Credit Profile (SCP) to bbb plus. Other agencies maintained their ratings: Moody's Baa3 Stable, S&P BBB Stable, commercial paper at A1+ from CARE and India Ratings, and NCDs at AAA Stable from ICRA, India Ratings, and CARE.
Likely market impact
Positive as raised standalone credit profile signals stronger standalone financial health, though overall issuer rating was affirmed unchanged.