Moody’s assigns Baa1 to Oil and Natural Gas notes

Moody’s Investors Service said it assigned a Baa1 rating to the proposed senior unsecured notes to be sold by Oil and Natural Gas Corp. Ltd. under its medium-term note program.

“The notes’ rating is in line with ONGC’s Baa1 issuer rating, which is in turn primarily driven by its standalone credit profile as captured by the company’s baa1 BCA,” said Vikas Halan, a Moody’s senior vice president, in a press release.

The outlook is negative.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.