Moody's assigns first-time 'B3' ratings to Ola, outlook stab

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

Moody's Investors Service on Monday said it has assigned a first-time B3 corporate family rating (CFR) to ANI Technologies, which operates ride hailing service Ola. Moody's CFRs are opinions of a corporate family's ability to honour all of its financial obligations. It has also assigned a B3 rating to the company's proposed senior secured term loan.

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