Singapore, July 13, 2016 -- Moody's Investors Service has assigned a Baa2 rating to the proposed foreign currency senior unsecured bonds to be issued by ONGC Videsh Vankorneft Pte. Ltd. (OVVPL), a wholly owned subsidiary of Oil and Natural Gas Corporation Ltd. (ONGC; foreign currency Baa2 stable; local currency Baa1 stable).

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