Reliance Industries Ltd.

Credit rating agency, CRISIL has reaffirmed ‘AAA/Stable/A1+’ rating on the debt instruments and bank facilities of Reliance Industries (RIL). The ratings continue to reflect the company’s leadership in the petrochemicals industry in India, strong competitiveness in the global oil refining business, and exceptional financial flexibility.

However, these rating strengths are partially offset by RIL’s exposure to risks relating to reducing gas volumes at its largest gas production field, the Krishna-Godavari D6 (KG-D6) and project execution and implementation risks associated with the telecom business.

Reliance Industries, is a Fortune Global 500 company and is the largest private sector company in India. Its activities span exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals), textiles, retail, infotel and special economic zones.