Reliance Industries Ltd.

Credit rating agency -- S&P Global has affirmed its ‘BBB+’ rating with a stable outlook on Reliance Industries. The company’s leverage is poised to improve and stabilise over the next 12-24 months owing to disciplined spending, asset monetization, and resilient earnings.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.