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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 1833.00
Vodafone Idea 13.20
Indus Towers 385.00
Tata Communications 1660.15
Railtel Corp. India 254.45
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