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The Economic Times

Business

Reliance secures record Japan financing after S&P upgrade to A-

Reliance Japan Reliance Industries Limited Samurai India Nexi

New Delhi: Reliance Industries Limited executed the largest-ever Samurai loan raised by an Indian corporate and completed three first-of-their-kind global financing deals in FY 2025-26, as the conglomerate strengthened its access to international capital markets following a credit rating upgrade by S&P Global Ratings.

S&P upgraded Reliance's international debt rating to A- from BBB+ in December 2025, placing the company two notches above India's sovereign rating, citing the growing contribution of its consumer-facing businesses and improved earnings stability.

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