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Fitch places RIL under rating watch negative

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Press Trust of India New Delhi

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.

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First Published: Jun 04 2008 | 6:08 PM IST

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