Fitch places RIL under rating watch negative

The rating takes into account the aggressive plans of the company to expand the business by promoting a number of greenfield ventures, the rating agency said in a release.     

The rating agency has also placed the $15 billion non-convertible debentures, $15 billion outstanding fund-based bank limits and $15 billion non-fund based limits under rating watch negative.     

The agency says that the rating would be resolved by the mid of July.