{"id":642710,"date":"2024-04-27T09:41:37","date_gmt":"2024-04-27T04:11:37","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=642710"},"modified":"2024-04-27T12:40:06","modified_gmt":"2024-04-27T07:10:06","slug":"ril-gets-sp-fitch-thumbs-up-as-strong-earnings-keep-leverage-in-check","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-gets-sp-fitch-thumbs-up-as-strong-earnings-keep-leverage-in-check\/","title":{"rendered":"RIL gets S&amp;P, Fitch thumbs-up as strong earnings keep leverage in check"},"content":{"rendered":"<p>Reliance Industries Ltd has won a vote of confidence from global rating agencies S&amp;P and Fitch after its robust earnings in the fiscal year ended March 31, 2024, supported its growth aspirations and kept leverage under check. <\/p>\n<p>S&amp;P Global Ratings and Fitch Ratings in separate notes spoke of its EBITDA (loosely known as pre-tax profit) rising in the current fiscal year and next on rising revenue and past investments. <\/p>\n<p>&#8220;Reliance Industries Ltd&#8217;s (RIL) strong earnings will keep leverage in check as the company continues to pursue growth ambitions. We expect the company&#8217;s debt-to-EBITDA ratio to remain commensurate with the rating (BBB+\/Stable\/&#8211;),&#8221; S&amp;P said in a note.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reliance Industries Ltd has won a vote of confidence from global rating agencies S&amp;P and Fitch after its robust earnings in the fiscal year ended March 31, 2024, supported its growth aspirations and kept leverage under check. S&amp;P Global Ratings and Fitch Ratings in separate notes spoke of its EBITDA (loosely known as pre-tax profit) rising in the current fiscal year and next on rising revenue and past investments. &#8220;Reliance Industries Ltd&#8217;s (RIL) strong earnings will keep leverage in check as the company continues to pursue growth ambitions. We expect the company&#8217;s debt-to-EBITDA ratio to remain commensurate with the rating [&hellip;]<\/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":[135,130,169],"tags":[],"class_list":["post-642710","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/642710","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=642710"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/642710\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=642710"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=642710"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=642710"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}