Moody’s upgrades OYO’s credit rating on the back of improved profitability

Quick Summary:

Moody’s estimates that OYO’s EBITDA will reach $200 million in FY25-26, which will be its first full year of earnings from the newly acquired businesses.

OYO’s operating performance has continued to improve on the back of business growth and sustained cost optimisation efforts.

Global rating agency Moody’s has upgraded the rating of the hospitality chain OYO’s parent, Oravel Stays Limited, to B2 from B3, and maintained a stable outlook.

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Article Details

Author / Journalist: Trisha Medhi

Category: StartupsEconomyBusiness

Markets: IndiaSingapore

Topics: Million Ebitda Rating Oyo’s Term Cash Year Loan Agency Moody’s Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-05 @ 09:27:20 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 30 lines

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News ID: 24136343

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