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- by economictimes.indiatimes.com
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Reliance Infra shares rally 4% after 3-notch credit rating upgrade
Reliance Infrastructure's shares experienced a surge following a three-notch credit rating upgrade by India Ratings and Research, moving from 'IND D' to 'IND B/Stable/IND A4'. This upgrade, driven by the company's significant debt reduction to near-zero with banks and financial institutions, also led to the removal of its 'Default' classification after six years.