Tuesday, 31 March, 2026
Moody's Downgrades Ola Rating Over Liquidity and Covenant Risk
By Isha
Moody's Ratings downgraded the credit rating of Ola parent ANI Technologies to Caa1 with a negative outlook. The downgrade is due to weakening operating performance and eroding liquidity, which significantly increases the risk of breaching loan covenants in the coming months. A breach could accelerate the repayment of its $65 million loan due in 2026.
Read full story at Economic Times