International rating agency, Moody’s Investors Service, Inc., has affirmed Reliance Communications’ (RCom) ‘Ba3’ corporate family rating and senior secured Notes rating with outlook from stable to negative. The rating is due to delay in execution of deleveraging plan of the company.
Reliance Communications is engaged in providing information and communications services. It provides telecom services for mobile and fixed line telephony. It offers code division multiple access (CDMA), global system for mobile (GSM), and 3G wireless services, wireline, voice, data, video, internet services.
