Credit rating agency, CARE has revised ratings assigned to Reliance Infrastructure’s Long-Term Debt (Bank Facilities and Non Convertible Debentures), to ‘A-’ and Short Term Bank facilities to ‘A2+’. CARE’s view is that there has been a delay in the proposed debt reduction plan of the company. The company respectfully disagrees with the ratings issued to the Company.
Reliance Infrastructure is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as Power, Roads and Metro Rail in the Infrastructure space and the Defence sector.
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