Credit rating agency, Brickwork Ratings India has assigned ‘AA’ rating for the proposed Non-convertible Debenture (NCD) issue of Reliance Infrastructure amounting Rs 300 crore. Besides, CRISIL has revised credit rating on the company’s long term debts to ‘A+’.
Reliance Infrastructure is the largest power distribution licensee in Mumbai, with 25 years license to distribute electricity in its licensed distribution areas spread over 400 Sq. Kms. in the suburbs and surrounding areas of Mumbai, and supplying power to around 29 lakh consumers.
