...+ We expect Reliance Industries' operating performance to significantly improve over the next two years as the company commissions projects and launches telecom operations. + Better operating performance will offset high capital expenditure, resulting in the ratio of debt to EBITDA improving to about 2x in fiscal 2018 after peaking in fiscal 2016. + We are therefore affirming our '###+' long-term corporate credit rating on Reliance Industries and our '###+' long-term issue rating on the company's senior notes and guaranteed notes. + The stable outlook reflects our expectation that Reliance Industries' leverage will significantly improve over the next two years with the debt-to-EBITDA ratio close to 2x. SINGAPORE (S&P Global Ratings) May 31, 2016--S&P Global Ratings today affirmed its '###+' long-term corporate rating on India-based energy and consumer business conglomerate Reliance Industries Ltd. The outlook is stable. At the same time, we affirmed our '###+' long-term issue rating on...
