Oil & Natural Gas Corpn update on credit ratings

Oil & Natural Gas Corpn has obtained credit ratings for Non-convertible Debentures for Rs. 5,000 crore additionally from ICRA and India Rating and Research, which also confirm the existing rating by S&P Global Ratings.

Details of credit ratings -

Long Term Credit Ratings

International bonds (senior secured notes) issued by the company and subsidiaries which are guaranteed by the company
Moody's Investor Services - Baa3; Negative.
S&P Global Ratings - BBB-; Stable

Non convertible debentures Rs 5000 crore
ICRA - AAA; Stable
India Ratings - AAA; Stable

Short term credit ratings

Commercial Paper upto Rs. 10,000 crore outstanding at any point of time
ICRA - A1+
CARE - A1+

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