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Prospect News home > News index > List of issuers D > Headlines for Diagold Designs Ltd. > News item
Published on 3/9/2010 in the Prospect News Emerging Markets Daily.

Fitch drops Diagold

Fitch Ratings said it downgraded Diagold Designs Ltd.'s national long-term rating to BB-(ind) from BB+(ind), and revised the outlook to stable from negative.

The agency said it has also affirmed the F4(ind) rating on Diagold's fund-based limits aggregating Rs. 200 million and the non-fund based limits aggregating Rs. 50 million.

The downgrade primarily reflects the lower then expected recovery in credit protection measures for the company, the agency added.


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