Fitch affirms Abans

Fitch Ratings said it has affirmed Abans Pvt Ltd.'s (Abans) national long-term rating at A-(lka) with a stable outlook.

The affirmation reflects Fitch's view that despite a slowing macro-economic environment and higher inflation levels, Abans is likely to maintain a satisfactory credit profile and strong market position in the domestic consumer durables segment over the medium term.

The rating is constrained by Abans' relatively weak corporate governance compared with listed peers, the agency added.

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