Ind-Ra affirms Reliance Infra's credit rating

The ratings reflect R-Infra’s ongoing delays in servicing the rated debt instruments

Dec 09, 2020 10:12 IST India Infoline News Service

India Ratings & Research (Ind-Ra) has reaffirmed the rating of Reliance Infrastructure Limited at ‘IND D - Issuer not co-operating’ in respect of Long Term, Short Term Bank Facilities and Non-Convertible Debentures (NCDs) of the company.

The ratings reflect Reliance Infra’s ongoing delays in servicing the rated debt instruments, according to the company’s disclosure on the National Stock Exchange Ltd and the BSE Ltd.

R-Infra is the flagship company of the India-based Reliance Group, led by Anil Dhirubhai Ambani, with focus on the energy and infrastructure businesses. R-Infra has an in-house engineering, procurement and construction division that is active in the power and road segments.

Reliance Infrastructure was trading at Rs27.55 per piece down by Rs0.05 or 0.18% on the BSE.

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