TEXT-Fitch places PRIL on watch evolving due to restructure

Newswire

(The following statement was released by the rating agency) Dec 29 - Fitch Ratings has today placed India-based Pantaloon Retail (India) Ltd.'s (PRIL) National Long-term rating of 'A-(ind)' on Rating Watch Evolving (RWE). The following instruments of PRIL have also been placed on RWE: Long-term loans of INR23.5bn: 'A-(ind)' placed on RWE; Non-Convertible Debenture (NCD) of INR2.5bn: 'A-(ind)' placed on RWE; Short-term loans of INR2.9bn: 'F2+(ind)' placed on RWE; and Working ...

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