MoneyWorks4Me

CARE assigns AAA rating to Indian Oil Corporation’s Bond Issue

07 May 2013 Evaluate

Credit rating agency, CARE has assigned AAA rating to Indian Oil Corporation’s Long-term Bond Issue worth Rs 2,000 crore. The rating for the said bond issue is based on the majority ownership by the Government of India (GoI), experienced and professional management, long track record of operations with presence across hydrocarbon value chain.

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.

Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
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