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Fitch downgrades rating assigned to RCom’s arm

31 Jan 2018 Evaluate

Fitch has downgraded rating assigned to Global Cloud Xchange (GCX), a subsidiary of Reliance Communications (RCom), citing a variety of factors, including the woes of its parent RCom.

GCX’s issuer default rating has been downgraded to ‘CCC’ from the earlier ‘B-‘, while the one on the $350- million secured notes due 2019 has been revised down to ‘B-‘ from ‘B+’, with a recovery rating of ‘RR2’.

RCom is India’s foremost and truly integrated telecommunications service provider.

Reliance Communs. Share Price

0.84 0.00 (0.00%)
06-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Bharti Airtel 1964.00
Vodafone Idea 12.64
Indus Towers 385.05
Tata Communications 1734.00
Bharti Hexacom 1513.40
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