Oil & Natural Gas Corporation Limited (ONGC) — Announcement | 16 July 2026

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📢 Key Event
Fitch upgrades ONGC's Standalone Credit Profile to bbb+ while affirming BBB- rating

🔄 What Changed
Standalone Credit Profile upgraded to bbb+

💡 Investor Takeaway
The upgrade signals improved creditworthiness but maintains a stable outlook, suggesting limited near-term financing risk.

ONGC announced a credit rating revision where Fitch Ratings affirmed its BBB- rating with a Stable outlook and upgraded its Standalone Credit Profile to bbb+, while other agencies maintained stable ratings for various debt instruments including Rs 8,500 crore NCDs rated AAA by ICRA.

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About Oil & Natural Gas Corporation Limited (ONGC)

Oil Gas & Consumable Fuels · Oil · Listed on NSE

Market Cap: ₹3,76,590.66 Cr P/E: 9.9 ROE: 11.0% ROCE: 14.1%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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