{"id":302084,"date":"2019-11-21T11:47:12","date_gmt":"2019-11-21T06:17:12","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=302084"},"modified":"2019-11-21T11:59:17","modified_gmt":"2019-11-21T06:29:17","slug":"moodys-assigns-baa1-rating-to-ongcs-proposed-senior-unsecured-notes-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/moodys-assigns-baa1-rating-to-ongcs-proposed-senior-unsecured-notes-2\/","title":{"rendered":"Moody\u2019s assigns Baa1 rating to ONGC\u2019s proposed senior unsecured notes"},"content":{"rendered":"<p>Moody\u2019s Investors Service on Wednesday said it has assigned a \u2018Baa1\u2019 rating to the proposed senior unsecured notes to be issued by Oil and Natural Gas Corporation (ONGC) under its $2 billion medium-term note program. The outlook on the rating is negative, Moody\u2019s said in a statement. <\/p>\n<p>\u201cThe notes\u2019 rating is in line with ONGC\u2019s Baa1 issuer rating, which is in turn primarily driven by its standalone credit profile as captured by the company\u2019s baa1 Baseline Credit Assessment (BCA),\u201d says Vikas Halan, a Moody\u2019s Senior vice president. <\/p>\n<p>The rating reflects ONGC\u2019s position as the largest integrated oil and gas company in India with significant reserves, production and crude distillation capacity as also its substantial operating cash flow generation capacity. It also factors the firm\u2019s solid credit metrics that have improved but remain constrained by volatile \u2014 although range-bound \u2014 oil prices and high shareholder returns.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moody\u2019s Investors Service on Wednesday said it has assigned a \u2018Baa1\u2019 rating to the proposed senior unsecured notes to be issued by Oil and Natural Gas Corporation (ONGC) under its $2 billion medium-term note program. The outlook on the rating is negative, Moody\u2019s said in a statement. \u201cThe notes\u2019 rating is in line with ONGC\u2019s Baa1 issuer rating, which is in turn primarily driven by its standalone credit profile as captured by the company\u2019s baa1 Baseline Credit Assessment (BCA),\u201d says Vikas Halan, a Moody\u2019s Senior vice president. The rating reflects ONGC\u2019s position as the largest integrated oil and gas company [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-302084","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302084","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=302084"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/302084\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=302084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=302084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=302084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}