Credit rating agency Fitch today placed Reliance Infrastructure Ltd on rating watch negative, indicating that ratings may be downgraded or remain at current level.


</p><tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		</script> </DIV><p class='TableClas'>The rating takes into account the aggressive plans of the company to expand the business by promoting a number of greenfield ventures, the rating agency said in a release.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>The rating agency has also placed the $15 billion non-convertible debentures, $15 billion outstanding fund-based bank limits and $15 billion non-fund based limits under rating watch negative.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </P>
</p><p class='TableClas'>The agency says that the rating would be resolved by the mid of July.</P>
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Fitch places RIL under rating watch negative

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