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Moody’s has downgraded Ola parent ANI Technologies’ corporate family rating to Caa1 from B3 and the rating of guaranteed senior secured term loan borrowed
The company cited weak operating performance and risks of covenant breach as the reason for the downgrade
Citing the intense competition in the Indian ride-hailing space, Moody’s said ANI Technologies is expected to continue to burn cash over the next 12 months
Credit ratings agency Moody’s has downgraded Ola…
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Moody’s has downgraded Ola parent ANI Technologies’ corporate family rating to Caa1 from B3 and the rating of guaranteed senior secured term loan borrowed
The company cited weak operating performance and risks of covenant breach as the reason for the downgrade
Citing the intense competition in the Indian ride-hailing space, Moody’s said ANI Technologies is expected to continue to burn cash over the next 12 months
Credit ratings agency Moody’s has downgraded Ola…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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