US EditionONGC's Refining, Sales To Cushion Impact Of Lower Oil Prices, Says S&P Global Ratings
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ONGC's Refining, Sales To Cushion Impact Of Lower Oil Prices, Says S&P Global Ratings
Oil and Natural Gas Corp. is expected to maintain resilient earnings this fiscal with increased income from refining and marketing operations sufficiently countering any decline in upstream profitability caused by recent oil price drops, according to S&P Global Ratings.The rating agency anticipates that ONGC will generate enough free cash flow to strengthen its balance sheet and support its current rating. However, they noted that the headroom f…
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