Mumbai, July 14 -- The company stated that this rating upgrade represents a significant improvement of three notches in the company's credit profile, achieved after six years at the IND D rating level.

The upgrade also reflects the company's substantial deleveraging efforts, resulting in net zero debt with banks and financial institutions.

India Ratings and Research stated that the upgrade reflects Reliance Infra's timely servicing of standalone debt obligations for three consecutive months ended 30 June 2025.

Regarding the guaranteed debt, the company has executed one-time settlement agreements with the lenders of its subsidiaries. These repayments were facilitated by a significant long-term capital infusion through the issuance of wa...