Reliance Industries Ltd.'s Proposed 30-Year U.S. Dollar Senior Unsecured Notes Assigned 'BBB+' Rating

SINGAPORE (Standard&Poor's) Feb. 3, 2015--Standard&Poor's Ratings Services today assigned its 'BBB+' long-term issue rating to the proposed U.S.-dollar-denominated senior unsecured notes due 2045 by Reliance Industries Ltd. (BBB+/Stable/--). The notes will rank equally with the company's other present and future unsecured and unsubordinated obligations. The rating is subject to our review of the final issuance documentation. Reliance intends to use the proceeds to fund its ongoing capital expenditure mainly in the refining, and petrochemical sector in India. The company had the same intended use for the proceeds from its recently completed placement of US$1 billion 10-year senior unsecured notes. RELATED CRITERIA AND RESEARCH Related Criteria Criteria - Corporates - General: Corporate Methodology - November 19, 2013

...SINGAPORE (Standard & Poor's) Feb. 3, 2015--Standard & Poor's Ratings Services today assigned its '###+' long-term issue rating to the proposed U.S.-dollar-denominated senior unsecured notes due 2045 by Reliance Industries Ltd. (###+/Stable/--). The notes will rank equally with the company's other present and future unsecured and unsubordinated obligations. The rating is subject to our review of the final issuance documentation. Reliance intends to use the proceeds to fund its ongoing capital expenditure mainly in the refining, and petrochemical sector in India. The company had the same intended use for the proceeds from its recently completed placement of US$1 billion 10-year senior unsecured notes. RELATED CRITERIA AND RESEARCH Related Criteria Criteria - Corporates - General: Corporate Methodology - November 19, 2013 + Criteria - Corporates - General: 2008 Corporate Criteria: Rating Each Issue - + April 15, 2008 Related Research...

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