RELIANCEReliance Industries Ltd.
Reliance Industries' S&P rating on US$ notes reaffirmed at A- Stable
- Credit rating
- Refineries
Reviewed byKeshav SehgalBlacklitt Research
Reliance Industries (NSE: RELIANCE) said in a filing on 04 Nov 2026 that S&P Global Ratings has reaffirmed its 'A-' credit rating with a 'Stable' outlook on its Senior Unsecured US$ Denominated Fixed Rate Notes. The reaffirmation is in a press release dated 3 Nov 2026.
Key highlights
- Rating: A- (reaffirmed)
- Outlook: Stable
- Instrument: Senior Unsecured US$ Denominated Fixed Rate Notes
- Press release date: 3 Nov 2026
The rating action in numbers
| Item | Detail |
|---|---|
| Agency | S&P Global Ratings |
| Instrument | Senior Unsecured US$ Denominated Fixed Rate Notes |
| Rating | A- |
| Action | Reaffirmed |
| Outlook | Stable |
| Press release date | 3 Nov 2026 |
| Company letter date | 4 Nov 2026 |
What was reaffirmed
S&P Global Ratings reaffirmed the 'A-' rating with a 'Stable' outlook on the company's Senior Unsecured US$ Denominated Fixed Rate Notes. A reaffirmation means the agency has kept the existing rating and outlook unchanged rather than revising them.
The company describes the intimation as made for information and record.
Where this fits in recent filings
The notes rating is the latest in a short run of rating disclosures.
The company's consolidated net profit for Q2 FY27 was ₹29,550 crore, up 33.8% year on year, according to its results filed on 30 Oct 2026.
What the rating reaffirmation means for Reliance Industries' shareholders
The filing confirms that the rating on these dollar notes is unchanged.
The filing does not state the principal amount or maturity of the notes, the reasons S&P gives for its decision, or whether the rating affects the company's borrowing costs. No further dated step is given in the filing.
Filed with BSE on . Reference: Original filing (PDF)
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