Oil & Natural Gas Corporation Limited has informed the Exchange about Credit Rating- Revision
ONGC · price
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S&P Global Ratings upgraded ONGC's long-term issuer credit rating to 'BBB' from 'BBB-', with a Stable outlook, effective 14th August 2025. This upgrade follows the upgrade of India's sovereign rating to 'BBB' from 'BBB-' on the same day. S&P maintained ONGC's stand-alone credit profile (SACP) at 'bbb+', noting the rating remains constrained by the sovereign ceiling. ONGC's other ratings are unchanged: Moody's at Baa3 (Stable), Fitch at BBB- (Stable), domestic NCD ratings at AAA (Stable) from ICRA, India Ratings, and CARE, and commercial paper ratings at A1+ from CARE and India Ratings.
Positive signal for ONGC shareholders — the upgrade reflects stronger sovereign credit profile and validates ONGC's financial strength. It may lower ONGC's future overseas borrowing costs and improves its appeal to global investors, though the rating is still capped by India's sovereign ceiling.