Date: 25 August 2020
#rating #bonds #interest #default #pressure #debt #retail #ratingaction #ratingcompanies
https://m.economictimes.com/industry/services/retail/kishore-biyani-averts-a-rating-downgrade-settles-future-retails-rs-100-crore-interest-payout-in-time/articleshow/77721610.cms
#rating #bonds #interest #default #pressure #debt #retail #ratingaction #ratingcompanies
https://m.economictimes.com/industry/services/retail/kishore-biyani-averts-a-rating-downgrade-settles-future-retails-rs-100-crore-interest-payout-in-time/articleshow/77721610.cms
The Economic Times
Kishore Biyani averts a rating downgrade, settles Future Retail's Rs 100 crore interest payout
A missed payout would have meant rating agencies downgrading the company to default category, and other lenders putting pressure on it to meet repayment obligation or face invocation of pledged shares.