Reliance Industries borrows abroad...

• "Reliance Industries has priced a Rule 144A/Regulation S offering of $750 million 4.875 per cent Senior Unsecured Notes due 2045," 
•  It is a 30 year deal ; to yield 4. 948 percent; 262.5 basis points over the 30-year US Treasury Note 
•  rated Baa2 by Moody's Investors Service 

Read more at:
http://economictimes.indiatimes.com/articleshow/46117658.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Further news from the Business Standard

"RIL's Baa2 rating reflects its leading market position, globally competitive refining business which has consistently commanded higher margins than its competitors, and vertically-integrated operations across the hydrocarbon chain. The rating also recognizes RIL's moderate financial leverage, strong operating cash flow and excellent liquidity," says Vikas Halan, a Moody's Vice President and Senior Credit Officer.

At the same time, the Baa2 rating incorporates RIL's exposure to the inherent volatility of refining and petrochemical margins, its single location refinery's concentration risk and the execution risk from its diversification into consumer businesses. The rating also accommodates Moody's expectation that RIL will use its financial flexibility to make growth-enhancing investments that will boost its business and geographical diversification."

Read More at: 

http://www.business-standard.com/article/news-cm/moody-s-assigns-baa2-to-reliance-s-proposed-usd-bonds-115020400356_1.html

Views expressed without any risk or responsibility.