{"id":359560,"date":"2020-06-26T11:47:05","date_gmt":"2020-06-26T06:17:05","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=359560"},"modified":"2020-06-26T12:15:28","modified_gmt":"2020-06-26T06:45:28","slug":"rating-upgrade-for-ril","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rating-upgrade-for-ril\/","title":{"rendered":"Rating upgrade for RIL"},"content":{"rendered":"<p>Fitch Ratings on Thursday said it has upgraded Reliance Industries\u2019 rating to \u2018BBB+\u2019 from \u2018BBB\u2019 as the company\u2019s financial profile has improved following the sale of nearly a 25 per cent stake in Jio and a Rs 53,124-crore equity raise. <\/p>\n<p>\u201cFitch Ratings has upgraded India-based RIL&#8217;s long-term local-currency issuer default rating (IDR) to \u2018BBB+\u2019 from \u2018BBB\u2019. The Outlook is Stable,\u201d the ratings agency said in a statement.<\/p>\n<p>At the same time, the agency has affirmed RIL&#8217;s long-term foreign-currency IDR at \u2018BBB-\u2019 with a stable outlook.<\/p>\n<p>\u2018BBB\u2019 ratings indicate that expectations of a default risk are currently low.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fitch Ratings on Thursday said it has upgraded Reliance Industries\u2019 rating to \u2018BBB+\u2019 from \u2018BBB\u2019 as the company\u2019s financial profile has improved following the sale of nearly a 25 per cent stake in Jio and a Rs 53,124-crore equity raise. \u201cFitch Ratings has upgraded India-based RIL&#8217;s long-term local-currency issuer default rating (IDR) to \u2018BBB+\u2019 from \u2018BBB\u2019. The Outlook is Stable,\u201d the ratings agency said in a statement. At the same time, the agency has affirmed RIL&#8217;s long-term foreign-currency IDR at \u2018BBB-\u2019 with a stable outlook. \u2018BBB\u2019 ratings indicate that expectations of a default risk are currently low.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-359560","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359560","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=359560"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/359560\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=359560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=359560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=359560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}