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News 2026-07-13 04:10 UTC

Fitch Affirms ONGC at BBB-, Raises Standalone Credit Profile

() -- Fitch Ratings affirmed Oil and Natural Gas Corporation's (NSE:ONGC, BSE:500312) long-term foreign-currency issuer default rating at BBB- with a stable outlook. The agency also raised the company's standalone credit profile to bbb+ from bbb. Fitch said the upgrade reflects its expectation that ONGC's EBITDA net le