Asian Energy Services Limited disclosed that CRISIL maintained its 'Watch Developing' rating on INR 317.5 Crore of bank facilities. The watch continues pending final Ministry of Petroleum approval for the merger of its parent, Oilmax Energy.
Crisil Ratings has maintained a 'Watch Developing' rating on the banking facilities of Asian Energy Services Ltd. The rating applies to total loan facilities of ₹317.5 Crore.
Asian Energy Services Limited announced that CRISIL Ratings has enhanced its rated bank loan facilities to ₹317.5 Crore. The agency maintained its 'Crisil BBB+/Watch Developing' and 'Crisil A2/Watch Developing' ratings for long-term and short-term facilities, respectively. The 'Watch Developing' status continues due to ongoing implications.