Reliance Infrastructure Limited — Credit Ratings, 19-12-2025: Credit Rating

India Ratings & Research has downgraded Reliance Infra's Bank Loan Facilities to 'IND C' from 'IND B'/Stable, while affirming 'IND A4' short-term. This move stems from an ED order placing a lien on bank accounts (INR 77.86 Cr) & attaching properties (INR 669 Cr) amid alleged investigations, severely impacting liquidity. Reliance Infra disputes the rating action.