| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hind Terminals Pvt. Ltd. > News item |
Fitch ups Hind Terminals
Fitch Ratings said it upgraded Hind Terminals Pvt. Ltd.'s national long-term rating to BBB+(ind) from BBB(ind), Rs. 1.529.4 billion long-term loans to BBB+(ind) from BBB(ind) and Rs. 1.1 billion non-fund based limits to F2(ind) from F3(ind). Fitch assigned the Rs. 45.2 million equipment loans a BBB+(ind) rating.
The outlook is stable.
The ratings reflect the significant improvement in the company's credit profile due to its strong cash flows and improved liquidity position, post the stabilization of its container freight station and rail operations, the agency said.
The ratings consider the company's strong liquidity position with large cash balances and positive free cash flows in FY10, the agency added.
© 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.