Credit rating agency, CRISIL has assigned its ‘AA+/Stable’ rating to the non-convertible debentures (NCDs) of Petronet LNG. The rating reflects the company’s strong business risk profile marked by its dominant market position in the Re-gasified Liquified Natural Gas (RLNG) business and superior operating efficiencies on account of continued high capacity utilisations, stability in operating profits and lower capital cost. The rating is also supported by healthy financial risk profile as reflected in its strong financial position and high financial flexibility.
Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.
