Reliance Communications ratings under review for downgrade despite Brookfield deal, Moody's; shares flat
Moody feels there is still lack of clarity on the cash flow generating capabilities of some of Rcom's remaining businesses, as the resulting leverage or cash flow positions following its restructuring can only be estimated within wide bounds.
Rating agencies like Moody's and Fitch kept Rcom's rating outlook under review despite Brookfield deal. Photo: Reuters