TEXT-Fitch affirms Pantaloon Retail (India) ratings


(The following statement was released by the rating agency) March 24 - Fitch Ratings has today affirmed Pantaloon Retail (India) Ltd.'s (PRIL) National Long-term Rating at 'A-(ind)', and removed it from Rating Watch Evolving (RWE). The Outlook is Stable. At the same time, the agency has upgraded PRIL's short-term debt instruments to 'F1(ind)' from 'F2+(ind)'. Other ratings actions are as follows: - Long-term loans of INR23,532.5m affirmed at 'A-(ind)'; - Non-convertible debenture ...

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