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Rating agency Moody’s on Thursday affirmed Reliance Industries’ (RIL’s) rating with a stable outlook. The rating reflects significant improvement in RIL’s scale and business mix over the past two years, the agency said.
“Moody’s Investors Service has affirmed RIL’s Baa2 domestic long-term issuer rating and foreign currency senior unsecured rating. At the same time, it has affirmed the Baa2-backed domestic currency senior unsecured debt ratings on the USD denominated bonds issued by Reliance Holding USA, with a guarantee from RIL,” it said in its statement.
The company reaps benefits from investments over the past five years in its hydrocarbon and
