Ratings and Research (Ind-Ra), a Fitch Group Company, has affirmed rating assigned to Westlife Development’s subsidiary Hardcastle Restaurants’ long term bank facilities to ‘A-’ with stable outlook. The credit rating agency has also affirmed rating assigned to short-term bank facilities to ‘A1’.
Westlife Development focuses on putting up and operating Quick Service Restaurants (QSR) in India through its subsidiary Hardcastle Restaurants (HRPL). The Company operates a chain of McDonald's restaurants in west and south India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's Indian subsidiary.
