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Moody’s downgrade ratings of Rcom’s arm

02 Aug 2019 Evaluate

Global rating agency Moody's Investors Service has downgraded its rating on Reliance Communications’ (Rcom) subsidiary -- Global Cloud Xchange (GCX) with a negative outlook due to payment default on a $350 million borrowing.

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

Peers
Company Name CMP
Bharti Airtel 1974.00
Jio Platforms 1423.05
Vodafone Idea 12.11
Indus Towers 382.50
Tata Communications 1713.15
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