UFO Moviez India receives reaffirmation in credit ratings
From ICRAUFO Moviez India announced that ICRA has reaffirmed the long-term rating outstanding of ICRA A+
(pronounced ICRA A plus) for line of credit for Rs 182.30 crore and revised the outlook to
Negative from Stable. As per ICRA, the revision in outlook on the long-term rating of the
Company factors in the significant disruption to its operations caused by the Covid-19
pandemic and delayed recovery in operations.
The short-term rating for the Company's line of credit continues to remain outstanding. at
ICRA A1 (pronounced ICRA A one ).
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
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First Published: Thu, January 07 2021. 19:59 IST