ONGC credit rating reaffirmed at AAA by Care Edge
ONGC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Care Edge Ratings has reaffirmed ONGC's credit ratings across all facilities. Long-term and short-term bank facilities of 17,500 crore kept at CARE AAA Stable and CARE A1+, additional long-term facilities of 7,500 crore at CARE AAA Stable, short-term facilities of 10,000 crore at CARE A1+, non-convertible debentures of 7,500 crore at CARE AAA Stable, and commercial paper of 10,000 crore at CARE A1+. Reaffirmation of the highest ratings signals continued strong financial health and very low default risk.
Retention of top AAA and A1+ ratings confirms strong financial health and low borrowing risk for shareholders.