Fitch affirms Hindustan Unilever

Fitch Ratings said it affirmed Hindustan Unilever Ltd.'s national long-term rating at AAA(ind).

The outlook is stable.

The affirmation reflects the company's low business risk and strong financial risk profile, Fitch said.

The ratings continue to consider the company's consistent negative net debt position, positive free cash flows and its status as the largest Indian fast moving consumer goods company with brands straddling various price points in different categories, the agency said.

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