India, Nov. 4 -- S&P Global Ratings has affirmed its 'A-' long-term issuer credit rating on Reliance Industries Ltd (RIL), citing resilient earnings, strong cash generation and improved funding flexibility following the listing of digital services subsidiary Jio Platforms Ltd. The outlook on the ratings remains stable.

The rating agency expects Reliance Industries to sustain above-industry growth in digital services while generating sufficient cash flow to fund elevated capital expenditure and investments in emerging businesses, including artificial intelligence-related infrastructure, data centres and renewable energy.

S&P projects RIL's consolidated EBITDA to grow 19-23 per cent to Rs 2.15 lakh crore-Rs 2.25 lakh crore in the financia...