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15 December, 2017 06:15 IST
Fitch withdraws ratings assigned to Rcom
Source: IRIS | 06 Dec, 2017, 10.08AM
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Fitch Ratings has withdrawn India-based Reliance Communications (Rcom) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) of 'Restricted Default' (RD) and the rating on Rcom's USD 300 million 6.5% senior secured notes due 2020 of 'C' with Recovery Rating of 'RR4'.

The stock had underperformed the market over the past one month till Dec. 05, 2017, falling 31.72% compared with the Sensex's 2.62% decline. It underperformed the market in past one quarter, declining 49.39% as against 3.12% rise in the Sensex.

Shares of the company declined Rs 0.17, or 1.5%, to trade at Rs 11.17. The total volume of shares traded was 691,343 at the BSE (9.59 a.m., Wednesday).



Reliance Communications Limited   (Q,N,C,F)*

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