has reaffirmed its earlier credit ratings of 'outstanding' to the debt instruments
of three companies of the Reliance group RIL (AAA/Stable/P1+), REL
(AAA/Stable/P1+), and IPCL (AA/FAA+/Stable/P1+).
all these companies, CRISIL's ratings are primarily driven by the exceptionally
strong business and financial profiles of the respective companies. Ownership,
governance, and management issues are distinct elements of CRISIL's analytical
framework in assessing credit worthiness.
CRISIL's opinion all three companies have capable and experienced management
teams with a proven track record in their core businesses and in running the
day to day operations," notes a communiqué from CRISIL, issued
on Saturday in the aftermath of the settlement between Mukesh Ambani and Anil
is monitoring the developments in the Reliance group for any likely impact
of the settlement on the ownership, financial profile, business and growth
strategies, or management structure of these
companies. "If there is a material impact on any of these, as a result
of the settlement, CRISIL will review its ratings," the communiqué