Business

Moody’s withdraws Reliance Communication’s corporate family rating on ‘default’

Moody’s Investors Service has withdrawn debt-laden Reliance Communications’ corporate family rating, citing a missed scheduled payment related to the company’s dollar bond. “Moody’s has today withdrawn Reliance Communications’ (RCom) Ca corporate family rating (CFR) and its negative outlook. At the same time, Moody’s has also withdrawn the Ca rating on RCom’s senior secured notes,” a Moody’s statement said. According […]