...SINGAPORE (S&P Global Ratings) Jan. 4, 2018--S&P Global Ratings said today that its corporate credit rating on Reliance Industries Ltd. (RIL; ###+/Stable/--) is unaffected by the company's plan to acquire wireless infrastructure assets from Reliance Communications Ltd. We expect the improvement in RIL's operating performance from commissioning of its energy (oil and gas and petrochemical) projects as well as growth in its telecom business to help offset the impact of higher debt as a result of the acquisition. We believe the acquisition would increase RIL's leverage, which has been above our threshold for the rating in the past two to three years. However, the expected performance improvement will reduce leverage to comfortably within tolerance levels for our '###+' rating in the fiscal year ending March 31, 2019. This is based on our expectation of the acquisition price being not more than US$4 billion (including deferred spectrum obligation). We expect RIL's ramp-up in operating performance...
