S&P Global Ratings has upgraded Reliance Industries’ credit rating to ‘A-‘ with a ‘Stable’ outlook for its Senior Unsecured US$ Denominated Fixed Rate Notes. The previous rating was ‘BBB+’ with a ‘Stable’ outlook. The upgrade reflects the company’s improved financial strength and stability. The company received confirmation of this rating upgrade today, December 4, 2025.
Credit Rating Upgrade
Reliance Industries announced that S&P Global Ratings has upgraded its credit rating for the company’s Senior Unsecured US$ Denominated Fixed Rate Notes. The rating has been raised from ‘BBB+’ to ‘A-‘, maintaining a ‘Stable’ outlook. This upgrade is based on S&P Global’s assessment of Reliance Industries’ financial performance and overall stability.
Details of the Upgrade
The upgrade to ‘A-‘ from ‘BBB+’ reflects S&P Global Ratings’ assessment of Reliance Industries’ ability to meet its financial obligations. This rating applies specifically to the Senior Unsecured US$ Denominated Fixed Rate Notes issued by the company. The official date of the press release confirming the upgrade is December 4, 2025.
The company was notified of the credit rating upgrade at 7:43 p.m. (IST) today.
Source: BSE
