Moody’s assigns first-time ‘B3’ ratings to Ola, outlook stable

Moody’s Investors Service has assigned a first-time B3 corporate family rating to ANI Technologies, which operates ride-hailing service Ola. It has also assigned a B3 rating to the company’s proposed senior secured term loan. “Ola’s B3 CFR reflects its loss-making operations and high execution risks associated with its international expansion plans and its venture into […]

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