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’
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...