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.
Mustard Maker Caught Pumping Pollutants Into River for Years and Lying About It 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Lululemon Slips as Texas Announces Probe of ‘Forever Chemicals’ 
Electric Bills in Coal Country West Virginia Now Top Mortgage Payments From This Issue
