S&P Global Ratings has raised Reliance Industries Ltd's (RIL) long-term issuer credit rating to 'A-' from 'BBB+' on the back of improved cash flow stability and the growing importance of its less cyclical consumer-facing businesses. At the same time, the ratings on its senior unsecured debt were also upgraded to 'A-', reflecting the company’s robust financial position. Advertisement

The stable outlook reflects S&P's expectation that RIL will maintain its leadership in key sectors, ensuring sufficient earnings to support its capital expenditures over the next 12-24 months. The rating upgrade is underpinned by strong earnings growth from the company’s digital services and retail segments, which now contribute significantly to its operating cash flow.

Reliance Industries’ expansion into mo

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