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.
General Contractor Found Not Liable for Subcontractor Employee’s Injury 
Judge Nixes Uber’s RICO Suit Alleging NY Lawyers, Doctors Conspired on Auto Claims 
Tornado Alley’s on the Move and Creating New Risk Concerns, Modeler Says 
Londoners Find ‘Horrendous’ Cracks in Their Homes After Successive Heat Waves From This Issue
