ISSN 2330-717X

Pakistan’s OGDC Assigned Triple AAA Rating


Pakistan’s largest exploration and production entity, Oil and Gas Development Company Limited (OGDC) has been assigned a long-term entity rating of ‘AAA’ (Triple AAA) and short-term rating of ‘A1+’ (A One Plus) by Pakistan Credit Rating Agency (PACRA)

These are the highest ratings on respective entity ratings scale and denote the lowest expectation of credit risk emanating from an exceptionally strong capacity for timely payment of financial commitments.

The ratings reflect OGDC’s strategic importance to the government of Pakistan for being the largest upstream oil and gas company having predominant share of recoverable hydrocarbons reserves and exploration acreage.

Moreover, the company is the leading contributor in the country’s major hydrocarbon mix production and its oil and gas production continues to help the country in saving huge foreign exchange.

OGDC, oil and gas exploration in Pakistan, OGDC special attraction for foreign fund managers

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Shabbir H. Kazmi

Shabbir H. Kazmi is an economic analyst from Pakistan. He has been writing for local and foreign publications for about quarter of a century. He maintains the blog ‘Geo Politics in South Asia and MENA’. He can be contacted at [email protected]

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