Press Release

JCR-VIS Reviews and Reaffirms Entity Ratings of Oil and Gas Development Company Limited

Karachi, October 31, 2017: JCR-VIS Credit Rating Company Limited (JCR-VIS) has performed the mid-year review and reaffirmed the entity ratings of ‘AAA/A-1+’ (Triple A /A-One Plus) assigned to Oil and Gas Development Company Limited. Outlook on the assigned ratings is ‘Stable’. The previous rating action was announced on April 28, 2017.

For further information on this rating announcement, please contact the undersigned (Ext: 201) at 021-35311861-70 or fax to 021-35311872-3.




Jamal Abbas Zaidi
Advisor

Applicable rating criterion: Industrial Corporate (May, 2016)
http://jcrvis.com.pk/docs/Corporate-Methodology-201605.pdf

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