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Prospect News home > News index > List of issuers O > Headlines for Overseas Infrastructure Alliance (India) Pvt. Ltd. > News item |
Fitch rates Overseas Infrastructure BBB-(ind)
Fitch Ratings said it assigned Overseas Infrastructure Alliance (India) Pvt. Ltd. a national long-term rating of BBB-(ind) and BBB-(ind)/F3(ind) ratings to the company's non-fund based working capital facilities of Rs. 3.8 billion.
The ratings factor in its net cash levels, low counter-party risk on account of executing projects only under a line of credit by the Indian Government and growing revenues and EBITDA, Fitch said.
The ratings are constrained by its small size and limited track record, the agency added. The company faces high concentration risk as well as country risk as its order book is comprised of only two projects in just one country - Ethiopia, Fitch said.
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