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Fitch affirms stable outlook rating to Reliance Industries

Nov 16, 2015    

New Delhi: Fitch Ratings has affirmed Reliance Industries' long term foreign currency and domestic currency issuer default rating at 'BBB-' and 'BBB', respectively with stable outlook."Fitch Ratings has affirmed India-based Reliance Industries Ltd's (RIL) Long-Term Foreign-Currency IssuerDefault Rating (IDR) at 'BBB-', and its Long-Term Local-Currency IDR at 'BBB'. The outlook on the ratings is stable," Fitch Ratings said in a statement.According to the statement, RIL's ratings are supported by its strong business profile-a large-scale refinery with capacity of around 1.4 million bar...

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