Asian Energy Services Limited — Credit Ratings, 10-09-2025: Credit Rating- Others

CRISIL Ratings has placed Asian Energy Services' BBB+/Watch Developing long-term banking facilities rating under review. The 'Watch Developing' reflects the proposed merger with its parent, Oilmax Energy. CRISIL will track merger progress and OEPL's performance. Despite a recent $8.9 million (~73.9 Cr) debt-funded acquisition, financial health is projected to remain stable, supported by strong capabilities and clientele.