{"id":422421,"date":"2021-06-25T11:55:30","date_gmt":"2021-06-25T06:25:30","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=422421"},"modified":"2021-06-25T11:55:30","modified_gmt":"2021-06-25T06:25:30","slug":"fitch-upgrades-reliance-rating-a-notch-above-indias-sovereign-rating-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fitch-upgrades-reliance-rating-a-notch-above-indias-sovereign-rating-2\/","title":{"rendered":"Fitch upgrades Reliance rating a notch above India’s sovereign rating"},"content":{"rendered":"

Fitch Ratings has upgraded Reliance Industries’ (RIL) rating to ‘BBB’ as it benefits from cash flow generation across diversified business segments and continuation of deleveraging. This puts RIL NSE -2.45 % one notch above India’s sovereign rating.<\/p>\n

In a statement, Fitch said it has upgraded RIL’s long-term foreign-currency issuer default rating (IDR) to ‘BBB’, from ‘BBB-‘, with a negative outlook. At the same time, it has affirmed RIL’s long-term local-currency IDR at ‘BBB+’ with a stable outlook.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fitch Ratings has upgraded Reliance Industries’ (RIL) rating to ‘BBB’ as it benefits from cash flow generation across diversified business segments and continuation of deleveraging. This puts RIL NSE -2.45 % one notch above India’s sovereign rating. In a statement, Fitch said it has upgraded RIL’s long-term foreign-currency issuer default rating (IDR) to ‘BBB’, from ‘BBB-‘, with a negative outlook. At the same time, it has affirmed RIL’s long-term local-currency IDR at ‘BBB+’ with a stable outlook.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-422421","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422421","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=422421"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/422421\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=422421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=422421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=422421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}