Moody's Investor Service has announced that it would continue to review
the 'Ba2' ratings of Reliance Industries Ltd for possible upgradation, pending
developments related to corporate restructuring and possible financial settlement.
were expected following the settlement of the ownership dispute in the group
between the Ambani brothers.
a statement, Moody's said the resolution of the family ownership issue was
a key development, but its potential financial impact was uncertain. "RIL's
fundamental operational and financial profile is
strong for its current
rating and the rating review for upgrade will await further details on the
potential restructuring before concluding," the rating agency said.