Indian Oil Corporation Limited — Credit Ratings, 16-05-2026: Credit Rating- New

Multiple agencies reaffirmed Indian Oil Corp. Ltd.'s robust credit ratings. S&P Global, Moody's, and Fitch assigned investment-grade 'BBB' to 'Baa3' (Stable) for issuer and senior unsecured debt. Domestic agencies CRISIL, ICRA, India Ratings, and CARE consistently reaffirmed 'AAA' (Stable) for long-term NCDs and bank facilities, and 'A1+' for short-term commercial paper and bank facilities. This reflects a strong credit profile.