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CARE revises rating of Reliance Communications’ bank facilities

Credit Rating agency Credit Analysis & Research (CARE) has revised rating of Reliance Communications’ long term bank facility to ‘BB’ from ‘A-’. The rating agency has also revised the company’s short term bank facility to ‘A4’ from ‘A2+’.

Reliance Communications is India’s foremost and truly integrated telecommunications service provider. The Company has a customer base of nearly 95 million including over 2.6 million individual overseas retail customers.

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