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Moody’s rates ONGC notes Baa2
Moody's Investors Service said it assigned a definitive Baa2 rating to the $750 million 3.25% senior notes due 2019, $750 million 4.625% senior notes due 2024 and €525 million 2.75% senior notes due 2021 issued by ONGC Videsh Ltd. and guaranteed by parent company Oil and Natural Gas Corp. The outlook is stable.
Moody's definitive rating on this debt confirms the provisional Baa2 rating assigned on June 27.
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