Financial Daily from THE HINDU group of publications
Friday, Mar 18, 2005
Financial Daily from THE HINDU group of publications Friday, Mar 18, 2005 |
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Petrochemicals Corporate - Credit Rating Moody's may upgrade RIL rating Our Bureau
Mumbai , March 17 MOODY'S Investors Service has placed on review for possible upgrade the Ba2 ratings of Reliance Industries Ltd (RIL). The international rating agency said that the rating action has been prompted by RIL's improving operational fundamentals, backed by its low-cost positions, and strong contributions from petrochemicals and refining. The company enjoys ongoing benefits from the robust demand for its petrochemical products, given economic growth, low consumption/capita in India and the favourable trend for the industry over the next 12-18 months, it added.
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