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Fitch Ratings affirms RIL’s long-term Foreign-Currency IDR at ‘BBB-’

17 Nov 2015 Evaluate

Credit rating agency, Fitch Ratings has affirmed Reliance Industries’ (RIL) long-term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-’. The rating agency has also affirmed the company’s Long-Term Local-Currency IDR at ‘BBB’. The outlook on the ratings is stable.

RIL’s ratings are supported by its strong business profile-a large-scale refinery with capacity of around 1.4 million barrels per day, and robust asset quality, which enables it to consistently deliver gross refining margins (GRM) above regional benchmarks.

Peers
Company Name CMP
Reliance Industries 1206.65
Indian Oil Corpn. 130.50
Bharat PetroleumCorp 297.00
HPCL 343.05
MRPL 182.85
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