S&P Eyes Reliance Industries Credit Rating Upgrade in Next Year

S&P Global, a company that rates how trustworthy other companies are with their money, thinks Reliance Industries Ltd (RIL) might get a better rating soon.

This is because RIL is making more money from things like internet services and stores, which are more stable than oil and gas.

If RIL keeps making good money and doesn't borrow too much, its rating could go up.

Reliance Jio, their phone service, is also expected to make more money.

RIL's stock has done well this year.