New Delhi, Dec 30 (PTI) Diageo-controlled United Spirits Ltd (USL) on Monday said rating agency Crisil has revised rating to 'positive' from 'stable' on the long-term bank facilities and non-convertible debentures.

The outlook has been revised as 'CRISIL AA+' on the basis of a total bank loan facilities of Rs 3,925 crore, the company said in a regulatory filing.

The short-term rating on commercial paper has been reaffirmed at 'A1+', it added.

"The outlook revision reflects the expectation of improvement in USL's credit profile, commensurate with better cash accrual and leverage over the medium term," the company said.

USL's standalone earnings before interest, taxes, depreciation, and amortisation (Ebitda) margin improved to 18 per cent in the first half of the financial year 2019-20, it added.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)