Reliance Capital gets revision in ratings for various debt facilities

From CARE

Reliance Capital announced that CARE Ratings (CARE) has revised its rating to A+ (credit watch with developing implications) for long-term debt programme, market linked debentures and subordinated debt of the Company. CARE has stated this action is primarily due to delay in monetising the non-core investments coupled with lower than envisaged fund inflows and tighter funding environment prevailing for the NBFC sector.

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