Bulletin Updates

ICRA withdraws rating for redeemed NCDs: MRPL – 6 Jun 2023

Jun 06, 2023

MRPL, majority-owned by ONGC, receives favourable ratings due to ONGC's continued support and strategic importance, benefiting from its advantageous location, improved operational performance, reduced debt, and strong sponsor profile, although it faces challenges such as concentration risk and vulnerability to import duty differentials and market fluctuations

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