TEXT-Fitch affirms Pantaloon Retail A-(ind) rtg

Newswire

(The following statement was released by the rating agency) April 27 - Fitch Ratings has today affirmed the rating of A-(ind) to the proposed INR5bn non-convertible debenture (NCD) (enhanced from INR2.5bn). Fitch has also affirmed Pantaloon Retail (India) Ltd.'s (PRIL) National Long-term rating at 'A-(ind)'. The Outlook is Stable. At the same time, the agency has affirmed the ratings of PRIL's bank loans as follows: INR25,950m long-term loans (increased from INR23,532.5m) affirmed at ...

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