Moody’s Cuts Reliance Industries’ Credit Outlook To ‘Stable’ From ‘Positive’
Mukesh Ambani, billionaire and chairman and managing director of Reliance Industries Ltd., pauses during an event. (Photographer: Simon Dawson/Bloomberg)

Moody’s Cuts Reliance Industries’ Credit Outlook To ‘Stable’ From ‘Positive’

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Citing a likely negative free cash flow situation due to heavy debt repayments over the next 18 months, global ratings agency Moody’s has lowered the credit outlook on Reliance Industries to ‘stabl...
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