Reliance Infrastructure Responds To Downgrade By India Ratings

Reliance Infrastructure Responds To Downgrade By India Ratings

Reliance Infrastructure said it disagreed with the decision by India Ratings, a unit of Fitch, to downgrade its debt over delays in equity infusion and monetization of assets.

“The Company respectfully disagrees with the views of India Ratings,” it said today.

“The Company has taken series of steps for asset monetization including inter alia filing Offer Document for divestment of Roads business through InvIT, continuing discussion for divestment of its Mumbai Power Business and divestment of Transmission business,” it said. Read More…

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