ONGCOil & Natural Gas Corporation Limited
ONGC’s credit ratings reaffirmed at CARE AAA; Stable and CARE A1+ across bank loans, bonds and commercial paper
- Credit rating
- Oil Exploration/Production
Oil and Natural Gas Corporation Limited has told the exchanges on 9 Oct 2026 that CareEdge Ratings has reaffirmed the ratings on its bank facilities and instruments. The long-term bank facilities, of ₹17,500 crore, are rated CARE AAA; Stable.
The filing’s table also lists short-term bank facilities, non-convertible debentures and commercial paper, with amounts of ₹7,500 crore and ₹10,000 crore, and ratings of CARE AAA; Stable for the long-term instruments and CARE A1+ for the short-term ones. Every line is marked as reaffirmed. The company filed the table as an intimation under the SEBI listing rules.
Inference
CARE AAA is the highest long-term rating on its scale and CARE A1+ is the highest short-term rating, so the reaffirmation means no change in how CARE views the company’s ability to meet its debt obligations.
The text reviewed here is only the company’s summary table. It does not give CARE’s reasoning, which would be in the agency’s rationale.
Reference: Original filing (PDF)
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