“The ratings have been revoked because Reliance Capital has chosen to no longer participate in the rating process. As a result, Fitch no longer has sufficient information to provide ratings or analytical coverage of Reliance Capital,” Fitch Ratings said in a statement.
A leading financial services company Reliance Capital, a company of the Anil Ambani group, has interests in various areas, including asset management, mutual funds, portfolio management services, life and non-life insurance.
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