The Credit Rating Information Services of India (Crisil) has assigned a AAA rating to the Rs 1,000 crore and Rs 5,000 crore non -convertible debenture (NCDs) issue of the merged Reliance Industries (RIL).
The NCDs were issued by Reliance Petroleum (RPL) and were earlier given ratings of AA plus by the rating agency. With the merger of RPL with RIL, the NCDs of RPL were extinguished. The merger was finalised on September 19 and comes into force with retrospective effect from April 1, 2001.
The merger has created new ratings for the NCDs considering RIL
