MoneyWorks4Me

S&P assigns ‘BBB-’ long-term corporate credit rating to ONGC

23 Apr 2013 Evaluate

International rating agency, Standard & Poor’s Ratings Services (S&P Ratings) has assigned ‘BBB-’ long-term corporate credit rating to India-based government-owned oil and gas company, Oil and Natural Gas Corporation (ONGC) with negative outlook.

The rating agency has also assigned ‘BBB-’ issue rating to the proposed senior unsecured notes that ONGC guarantees. ONGC Videsh, a wholly owned subsidiary of ONGC, will issue the notes.

Peers
Company Name CMP
ONGC 227.75
Oil India 454.40
Jindal Drilling&Inds 506.20
Deep Industries 669.45
Asian Energy Service 403.10
View more..