| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers H > Headlines for Hathway Cable & Datacom Ltd. > News item |
Fitch ups Hathway Cable
Fitch Ratings said it upgraded Hathway Cable & Datacom Ltd.'s national long-term rating to BBB+(ind) from BBB(ind), along with the national ratings on its Rs. 3.37 million long-term loan and Rs. 550 million cash credit limit to BBB+(ind) from BBB(ind) and short-term rating on its non-fund-based limits of Rs. 850 million to F2(ind) from F3(ind). The agency also assigned a rating of BBB+(ind)/F2(ind) to the working capital demand loan of Rs. 250 million.
The outlook is stable.
The upgrades reflect the significant revenue growth the company has achieved, Fitch said.
The ratings also factor in the company's comfortable leverage levels of 2.6x, despite a substantial capital expenditure of Rs. 4.15 billion in 2009, the agency said.
© 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.