Reliance lands record $1.7B Japan financing after S&P upgrade to A-
S&P's upgrade — citing rising consumer-business contribution — unlocked India's largest-ever Samurai loan (JPY 91.9bn) plus three first-of-kind global facilities. Cheaper capital fuels retail footprint and gigafactory build-out against Rs 3.74L cr gross debt and 20.7% ROCE.
Reliance Industries executed India's largest-ever Samurai loan and three first-of-their-kind global financings totaling ~USD 1.7 billion after S&P upgraded its rating to A-, citing growing consumer-business contribution. Lower borrowing costs strengthen capital base for retail and gigafactory expansion.