OGDCL secures top rating

Staff Report KHI:The premier Oil and Gas EandP Company of Pakistan, Oil and Gas Development Company Limited (OGDCL) has attained AAA and A-1+ rating for long and short term entities respectively for the year FY14. The ratings were issued by JCR-VIS Credit Raging Company Limited.

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The assigned ratings demonstrate the pivotal role of OGDCL and its contribution to the national economy as the largest upstream EandP Company in the country. The companys large market share and low financial risk profile are also exponential variables in attaining the stable rating.

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