New Delhi, Aug. 20 -- Reliance Industries Ltd (RIL), led by Mukesh Ambani, is reportedly on the cusp of a potential credit rating upgrade, according to global rating agency S&P Global Ratings. The agency highlighted the company's expanding footprint in digital services and retail as key drivers for more predictable earnings, which could shield RIL from the volatility of global energy markets. A combination of disciplined leverage management and stronger contributions from non-energy segments could pave the way for a rating uplift over the next 12 months.

S&P Global Ratings highlighted the possibility of a rating upgrade for RIL.

"There is a potential for upside in RIL's rating. It is at 'BBB+'... This (rating going up by a notch) would ...