Reliance Capital protests downgrade, says will cut debt by 50%

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By Pratik Parija and Anurag Joshi Reliance Capital Ltd., Anil Ambani’s financial services company, protested against a three-step downgrade by Care Ratings that put its credit score two notches above junk. Care Ratings cut the firm’s long-term debt program to BBB from A and kept it on credit watch with developing implications, according to statements … Read moreReliance Capital protests downgrade, says will cut debt by 50%

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