Reliance Group Holdings Inc. senior debt ratings were lowered from ‘C’ to ‘D’ by Fitch following Reliance’s missed scheduled payments of bank borrowings due Nov. 10 and of senior notes due Nov. 15. On the latter date, Reliance also failed to make a scheduled interest payment on its senior subordinated debt. Reliance Insurance Group’s insurer FSR remains at ‘DDD.’
Was this article valuable?
Here are more articles you may enjoy.
No Firm Is Immune if AI Bubble Bursts, Google CEO Tells BBC 
Business Moves: Trucordia Acquires 5 Local Agencies in 4 States 
Authorities in Miami Investigating Death of Passenger on Cruise Ship 
PwC: Insurance Execs Say Agentic AI Leading Industry Transformation From This Issue
