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ICRA expects the average Debt/OPBITDA of logistics companies to weaken to 4.1x and interest coverage ratio to average at 2.6x as compared to 2.5x and 4.9 x respectively in FY2020.

ICRA’s outlook on Indian road logistics industry remains Negative

6 Oct 2020 5:12 AM GMT

October 6, 2020: The credit rating agency ICRA maintained the outlook on Indian road logistics industry as Negative due to continuing pressures on the...