Reliance Communications rejects Moodyâs, Fitch rating cuts
Reliance Communications has rejected rating cuts by Moody's and Fitch, disagreeing with their assessment that it could struggle to reduce its debt. Earlier, RCom said it won a seven-month reprieve from lenders on loan obligations to complete two deals that would lower debt by 60%. The agencies, however, warned RCom would still have â¹20,000 crore in debt after the deals.