S&P Global has backed its rating of Reliance Industries, citing its resilient performance. Its rating has been affirmed at BBB+ and the issue rating on the senior unsecured debt has also been affirmed. S&P Global’s stable outlook suggests it expects RIL’s cash flows to remain strong and preserve its financial profile, despite elevated investments over the next two years. The ratings agency believes earnings growth in the digital and retail segments will temper the potential softness in the O2C business, which is the mainstay for the company.
Reliance Power shares soar 9% after firm returns to black in Q3
RPower Share Price: Shares of Reliance Power saw a significant rise of 8.64% following the announcement of a net profit of Rs 41.95 crore for
February 6, 2025