Reliance Capital downgraded to A2 rating by ICRA

ICRA downgrades Reliance Capital to A2 rating ICRA Limited has revised its rating for Anil Ambani-led Reliance Capital and its subsidiaries to A2 with negative implications for its short-term debt programme. The action is primarily due to refinancing risk of short-term maturities and delay in monetising the non-core investments. However, Reliance Capital called the rating … Continue reading Reliance Capital downgraded to A2 rating by ICRA