Fitch gives Kamakshi BB-(ind)

Fitch Ratings said it assigned Kamakshi Steels Private Ltd. a national long-term rating of Fitch BB-(ind).

The outlook is stable.

The ratings are constrained by Kamakshi's modest scale of its operations and a tight liquidity position as reflected in its high (98%-99%) working capital usage during September 2011 to February 2012, the agency noted.

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