Fitch rates KS Oils loans A-(ind)

Fitch Ratings said it assigned a national issuer rating of A-(ind) to KS Oils Ltd., along with an A-(ind) rating to its Rs.3000 million long-term bank loans and F2+(ind) rating to its Rs.6000 million short-term debt bank facility.

The outlook is stable.

The ratings reflect the company's fully integrated edible oil-producing facilities, strong position in the Indian mustard oil market with leadership position in the branded mustard oil market in North East and its presence in refined oils and vanaspati, Fitch said.

The ratings remain constrained by its agro-based businesses and regulatory uncertainties on import duties for other oils; this in turn has an impact on demand and the prices of mustard oil, the agency said.

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