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ICRA revises long term rating of Hindustan Oil Exploration Company to ‘A-’

27 Feb 2013 Evaluate

Credit rating agency, ICRA has revised the long term rating of Hindustan Oil Exploration Company from ‘A+’ to ‘A-‘ for the line of credit and the outlook on the long term rating is stable.

Hindustan Oil Exploration Company was the first private company in India to enter into field of oil and gas exploration. The company’s operational activities commenced in 1991 with the Government of India announcing the fourth round of exploration bidding for private sector participation.

Peers
Company Name CMP
ONGC 221.10
Oil India 442.65
Jindal Drilling&Inds 572.80
Deep Industries 746.50
Asian Energy Service 450.15
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