Fitch lifts National Peroxide

Fitch Ratings said it upgraded National Peroxide Ltd.'s national long-term rating to A(ind) from A-(ind).

The outlook is stable.

The agency said it has also affirmed the ratings on the company's Rs. 105 million non-fund-based working capital facility at F1(ind).

Consequently, Fitch said that the ratings on National Peroxide's Rs. 1.4 billion fund-based limits have been upgraded to A(ind)/F1(ind) from A-(ind)/F1(ind).

The upgrade reflects the company's consistently strong financial performance over the last five years, 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.