Credit rating agency, CARE has revised rating of Essar Oil’s long term bank facilities worth Rs 9077.58 crore to ‘A’ from ‘A-’. The rating agency has also revised rating of company’s short term bank facilities worth Rs 16000 crore to ‘A1’ from ‘A2’.
Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to refining and oil retail.