ICRA An Affiliate of Moody's

Entity-Specific Rating Rationales

28 Nov 2025

ONGC Petro additions Limited: [ICRA]AAA (CE) (Stable) Provisional rating finalised for Rs. 409 crores NCD programme; Provisional rating reaffirmed for Rs. 4,591.0 crore NCD program; [ICRA]AA+ (Stable) rating reaffirmed for Rs. 4,700 crore NCD program and bank lines; [ICRA]A1+ rating reaffirmed for bank lines and commercial paper programme

14 Oct 2025

ONGC Petro additions Limited: Provisional rating of [ICRA]AAA (CE) (Stable) assigned to NCD programme; long-term rating upgraded to [ICRA]AA+ (Stable); short-term rating reaffirmed

01 Jul 2025

ONGC Petro additions Limited: Ratings reaffirmed for bank lines, commercial paper program and NCD program with rating of [ICRA]AA (Stable); ratings reaffirmed and withdrawn for the NCD program and CCD program with [ICRA]AAA (CE) (Stable) rating

02 Jul 2024

ONGC Petro additions Limited: Ratings reaffirmed

29 Dec 2023

ONGC Petro additions Limited: Ratings reaffirmed

12 Oct 2023

ONGC Petro additions Limited: Update on entity

11 May 2023

ONGC Petro additions Limited: Update on Entity

Entity-Specific Credit Perspective Reports

26 Dec 2025

ONGC Petro additions Limited

ONGC Petro additions Limited (Non-SF)

29 Jul 2025

ONGC Petro additions Limited

ONGC Petro additions Limited (Non-SF)

25 Jan 2024

ONGC Petro additions Limited

ONGC Petro additions Limited (Non-SF)

Ratings

Description	Short Term	Medium Term	Long Term	Issuer
Non-Convertible Debenture programme	--	--	[ICRA]AAA (CE) (Stable) Provisional	--
Non-Convertible Debenture	--	--	[ICRA]AAA(Stable)(CE)	--
Non-Convertible Debenture	--	--	[ICRA]AA+(Stable)	--
Term Loan	--	--	[ICRA]AA+(Stable)	--
Fund-based limits – CC/WCDL	[ICRA]A1+	--	[ICRA]AA+(Stable)	--
Non-fund Based Limits-LC/BG	[ICRA]A1+	--	--	--
Compulsorily Convertible Debenture	--	--	Withdrawn	--
Non-Convertible Debenture	--	--	Withdrawn	--
Commercial Paper	[ICRA]A1+	--	--	--

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