Reliance Communications gets revision in credit ratings

From Moody's and Fitch

Reliance Communications announced that Moody's Investors Service has revised corporate family rating and senior secured bond rating to 'Ca' from 'Caa1' and outlook is negative. Also Fitch Ratings has revised Company's Long-Term Foreign and Local-Currency Issuer Default Ratings to 'RD' from CCC' and revised the bond rating to 'C/RR4' from ' CCC/RR4'.

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