S&P upgrades Reliance Industries credit rating from BBB plus to A minus

Rating UpgradedCredit & Debt View source PDF Explain this filing

RELIANCE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.3%Reaction day

₹1525.30

prior close

₹1530.40

announcement price

After-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.5%+0.7% vs market

Refineries & Marketing peers, median of 11sector+0.2%+1.1% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty 100 and 1.1 pts more than its Refineries & Marketing peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.2

10m

-0.4

15m

-0.5

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.3+0.5+0.7+0.2+1.1

Next day

+1.0-0.5+1.5-0.2+1.2

+0.5-0.8+1.3-0.4+0.9

+0.5-1.1+1.7+0.4+0.1

+1.2-0.6+1.7-0.4+1.6

+1.9+0.0+1.9+0.8+1.1

+1.0-0.6+1.6+3.2-2.2

15d

+1.4-0.3+1.7-3.1+4.5

+3.4+1.1+2.3-3.7+7.1

-5.5-1.2-4.3-4.1-1.4

-9.1-4.3-4.8-4.2-4.9

UpDownMarket · Nifty 100Sector · Refineries & Marketing peers, median of 11Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

S&P Global Ratings has upgraded Reliance Industries credit rating for its Senior Unsecured US Dollar Denominated Fixed Rate Notes from BBB plus to A minus, both with Stable outlook. The upgrade was communicated via S&P press release dated December 4, 2025, and received by the company later that evening.

Likely market impact

Higher rating may lower future borrowing costs and reflects a stronger financial profile, generally seen as positive for the stock.