Reliance Communications gets credit ratings assigned

From Fitch & Moody's

Reliance Communications announced that Fitch Ratings ("Fitch") has assigned a Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) of 'BB-' (Stable Outlook) to the Company. Moody's Investors Services ("Moody's"), has assigned a corporate family rating (CFR) of Ba3 (Stable Outlook) to the Company. This is the first time that Fitch and Moody's have assigned ratings to the Company.

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