Moody's upgrades Reliance to Baa1 as consumer arms now drive over half of group EBITDA

Moody's lifted Reliance Industries to Baa1 from Baa2, citing a strengthening credit profile anchored by Reliance Retail and Jio. Consumer-facing units now contribute more than half of group EBITDA, against ₹10.71 lakh crore revenue and ₹1.83 lakh crore EBITDA. TCS, Infosys and Tata Steel also saw rating actions.

Moody's raised Reliance Industries to Baa1 from Baa2 as Retail and Jio now drive over half of group EBITDA on ₹10.71 lakh cr revenue.

Business Today · Latest · 5/29/2026, 1:28:52 PM · Ask about this →

Reliance Industries + Infosys + Jio + Reliance Retail + Tata Sons + Tata Steel + TCS +