Fitch Ratings has downgraded Reliance Communications’ (RCom’s) long-term foreign- and local-currency ratings to ‘CCC’ from ‘B+’, and its $300 million 6.5 per cent senior secured notes due 2020 to ‘CCC/RR4’ from ‘B+/RR4’. The downgrade comes amid growing concern that RCom will struggle to pay its hefty debts.
Moody's Investors Service and its Indian affiliate ICRA cut their ratings on RCom deeper into sub-investment territory earlier this week.
RCom had reported loss of Rs 948 crore in March quarter, compared to a net profit of Rs 79 crore in year-ago period, hurt by the intense price war unleashed by newcomer RJio.
| Company Name | CMP |
|---|---|
| Bharti Airtel | 1846.55 |
| Vodafone Idea | 9.62 |
| Indus Towers | 412.35 |
| Tata Communications | 1521.05 |
| Bharti Hexacom Ltd. | 1538.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: