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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.
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