Oil & Natural Gas Corporation Ltd.
BSE: 500312 | NSE: ONGC
Large Cap | Oil Exploration
238.00
-1.35 (-0.56%) S&P assigns ‘BBB-’ long-term corporate credit rating to ONGC
Date: 23-04-2013International 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.