Moody's upgrades Reliance Industries rating to Baa1

Moody's has raised Reliance Industries' credit rating to Baa1. The new rating stands two notches above India's sovereign rating.

The upgrade reflects Reliance's strong business profile. The ratings agency cited counter-cyclical business segments, significant international exposure with over one-third of revenues from exports, and limited reliance on government-linked revenues as key factors supporting stable earnings across cycles.

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