Fitch gives R.S. Vanijya B-(ind), loans B-(ind), F4(ind)

Fitch Ratings said it has assigned R.S. Vanijya Private Ltd. a national long-term rating of B-(ind) with a stable outlook.

At the same time, the agency has assigned the following ratings to the company's various bank loans:

• Rs. 80 million cash credit limits at B-(ind);

• Rs. 120 million fund-based facilities for packing credits at F4(ind); and

• Rs. 60 million non-fund based facilities at F4(ind).

Fitch said that the ratings reflect the company's relatively small scale of business in India's fragmented plastic industry, its strained liquidity position and increased working capital requirements.

© 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.