Fitch raises ONGC's standalone credit profile, expects stable earnings despite higher capex

Iran Herald · July 10, 2026 General

New Delhi [India], July 10 (ANI): Fitch Ratings has upgraded the Standalone Credit Profile (SCP) of Oil and Natural Gas Corporation (ONGC) to 'bbb+' from 'bbb', while affirming the company's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable outlook.