Global credit rating agency, Fitch Ratings has assigned a Long-Term Foreign- and Local-Currency Issuer Default Ratings of ‘BB-‘ with stable outlook to Reliance Communications.
Further, Moody’s Investors Services has also assigned a corporate family rating (CFR) of ‘Ba3’ with stable outlook to the company. This is the first time that Fitch and Moody’s have assigned ratings to the company.
Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The company, with a customer base of about 150 million, including over 2.5 million individual overseas retail customers, ranks among the Top 4 Telecom companies in the world by number of customers in a single country.
