Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers R > Headlines for Rolta, LLC > News item |
Fitch lowers Rolta India
Fitch Ratings said it downgraded Rolta India Ltd.'s long-term foreign- and local-currency issuer default ratings and senior unsecured class rating to CC from B.
The agency also said it has downgraded the ratings on the Rolta, LLC's $127 million 10¾% senior unsecured notes due 2018 and Rolta Americas LLC's $367 million 8 7/8% senior unsecured notes due 2019 to CC with recovery rating of RR4 from B with recovery rating of RR4.
The notes are guaranteed by Rolta.
The downgrades reflect a deterioration of the company’s short-term liquidity, which increased credit risk, Fitch 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.