Asian Energy Services Ltd remains on CRISIL’s Watch Developing for ₹317.5 crore of banking facilities
- Long-term facilities are rated CRISIL BBB+ and short-term facilities CRISIL A2, both on Rating Watch with Developing Implications.
- Watch status is pending Ministry of Petroleum and Natural Gas approval for parent Oilmax Energy’s merger into the company.
- CRISIL will assess the merger’s completion and Oilmax’s performance before taking further rating action.