RCom assets purchase not to impact RIL ratings: Moodyâs
Credit rating agency Moody's has said that Mukesh Ambani-led Reliance Industries' credit rating won't be affected by the acquisition of Reliance Communications' wireless infrastructure assets for under â¹25,000 crore. Moody's said, "RIL had cash and cash equivalents of â¹77,000 crore, which can be used to fund the acquisition." Moody's has given a Baa2 rating with a stable outlook to RIL.