Indian Oil Corporation (IOC) has received a credit rating of ‘BBB’ with a ‘Stable’ outlook from S&P Global Ratings for its long-term foreign and local currency issuer rating. The credit rating, announced on October 14, 2025, indicates the company’s financial stability and ability to meet its obligations. This rating affirmation also underscores IOC’s robust market position and strategic importance in the Indian economy.
Credit Rating Details
S&P Global Ratings has assigned Indian Oil Corporation a ‘BBB’ rating with a ‘Stable’ outlook for its long-term foreign and local currency issuer rating. This announcement was made on October 14, 2025.
Additional Credit Ratings
Indian Oil Corporation’s debt instruments have been rated by various agencies, including Moody’s (Baa3, Stable), Fitch (BBB-, Stable), CRISIL (CRISIL AAA, Stable, CRISIL A1+), India Ratings (IND AAA, Stable, IND A1+), ICRA ([ICRA] AAA, Stable, [ICRA] A1+), and CARE (CARE AAA, Stable, CARE A1+). These ratings apply to various instruments, including unsecured debt, debentures, and bank facilities.
Instrument Ratings Summary
Issuer Rating: S&P Global: BBB (Stable)
Senior Unsecured Debt (Foreign Currency): Moody’s: Baa3 (Stable), Fitch: BBB- (Stable)
Non-Convertible Debenture: CRISIL: CRISIL AAA (Stable), India Ratings: IND AAA (Stable), ICRA: [ICRA] AAA (Stable)
Bank Facilities (Long Term): CRISIL: CRISIL AAA (Stable), CARE: CARE AAA (Stable)
Bank Facilities (Short Term): CRISIL: CRISIL A1+, CARE: CARE A1+
Commercial Paper: ICRA: [ICRA] A1+, India Ratings: IND A1+
Source: BSE
