Global rating agency S&P Global Ratings has revised its rating on Reliance Industries Ltd. (RIL), raising the long-term issuer credit rating to 'A-' from 'BBB+' amid expectations of improving cash flow stability driven by its expanding consumer-focused businesses.

The agency has also assigned a Stable Outlook. In addition, S&P raised the long-term issue ratings on the senior unsecured debt issued by the company to 'A-' from 'BBB+'.

According to S&P Global Ratings, Reliance Industries will continue to increase cash flow from its less cyclical consumer-facing verticals, which will lead to stronger earnings quality.

It stated "We raised our long-term issuer credit rating on Reliance Industries to 'A-' from 'BBB+'....... Reliance Industries Ltd. will continue to increase cash flow from less

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