Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers L > Headlines for LG Balakrishnan & Bros. Ltd. > News item |
Fitch: LG Balakrishnan view negative
Fitch Ratings said it revised the outlook to negative from stable on LG Balakrishnan & Bros. Ltd.'s and affirmed its national long-term rating at A(ind). The agency also affirmed the A(ind) rating to LGB's Rs. 1 billion long-term optionally convertible debenture program.
The outlook reflects the current slowdown in the auto industry and the likely impact this will have on the company's revenue, profitability and credit metrics, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.