Fitch affirms Liberty Oil Mills

Fitch Ratings said it affirmed Liberty Oil Mills Ltd.'s national long-term rating at BBB-(ind), along with its cash credit limits interchangeable with non-fund based limits of Rs. 1.85 billion at BBB-(ind)/F3(ind) and its non-fund based limits of Rs. 5.41 billion at F3(ind).

The affirmations reflect the company's ability to maintain strong liquidity despite a challenging environment, as characterized by wide fluctuations in crude palm oil prices and foreign exchange rate volatility, Fitch said.

Relatively comfortable liquidity also is reflected in the company's low utilization of its fund-based limits, the agency said.

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