Global credit rating agency, Fitch Ratings has affirmed Indian Oil Corporation’s (IOC) Long-Term Foreign-Currency Issuer Default Rating (IDR), its senior unsecured rating and ratings on its outstanding senior unsecured debt at ‘BBB-‘. The Outlook is Stable.
IOC is the largest enterprise in the country and the foremost ranked Fortune Global 500 Company in India and has presence in the complete hydrocarbon value chain from downstream refining & marketing, pipeline transportation, Petrochemicals, E&P and Gas Marketing.