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Prospect News home > News index > List of issuers S > Headlines for Shriram Pistons and Rings Ltd. > News item
Published on 9/16/2009 in the Prospect News Emerging Markets Daily.

Fitch affirms Shriram Pistons and Rings

Fitch Ratings said it affirmed the F1+(ind) ratings to Shriram Pistons and Rings Ltd.'s commercial paper program of Rs. 100 million, enhanced from Rs. 50 million and carved out of fund-based working capital limits. Fitch also said it affirmed its national long-term rating at AA-(ind), its fund-based working capital limits (of Rs. 430 million) at AA-(ind) and non fund-based working capital limits (of Rs. 900 million) at F1+(ind).

The outlook is stable.


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