Reliance Infra upgrade: Infra major credit rating raised 3 notches by Ind-Ra; big move after debt clean-up
Reliance Infrastructure sees its credit rating soar. India Ratings and Research elevates the company's rating significantly. This follows Reliance Infra's successful debt reduction. The company now boasts net zero debt. Timely debt servicing and settlements with subsidiary lenders also contributed. However, risks related to liabilities and arbitration remain. A recovery is expected in the engineering and construction business.
Reliance Infrastructure sees its credit rating soar. India Ratings and Research elevates the company's rating significantly. This follows Reliance Infra's successful debt reduction. The company now boasts net zero debt. Timely debt servicing and settlements with subsidiary lenders also contributed. However, risks related to liabilities and arbitration remain. A recovery is expected in the engineering and construction business. What's Your Reaction?
