ICRA downgrades Reliance Capital to A4

ICRA downgrades Reliance Capital to A4 with negative implications Rating agency ICRA has revised its ratings for Anil Ambani-led Reliance Capital and its subsidiaries from A2 to A4 with negative implications. “The ratings continue to be on watch with negative implications,” said ICRA, adding that this reflects slow pace of monetisation of Reliance Capital‘s non-core … Continue reading ICRA downgrades Reliance Capital to A4