ICRA assigns A1+ to short-term debt prog of RCL

New Delhi, Feb 19: Credit rating agency ICRA has reaffirmed highest-credit-quality ratings to the Rs 1,000 crore short-term debt programme of Reliance Capital Ltd (RCL).

The highest safety ratings in the short-term takes into account RCL's parentage (Reliance ADA group), strong capitalisation post the equity infusion in the past 12-18 months and the comfortable liquidity profile of the company.

The rating also considered company's plans to diversify into various businesses.

RCL is mainly focussed on funding projects in the infrastructure sector, financial space and entertainment industry.

UNI