Fitch affirms Shriram Pistons

Fitch Ratings said it affirmed Shriram Pistons and Rings Ltd.'s national long-term rating at AA-(ind).

The outlook is stable.

The ratings reflect its consistent robust operating profitability and comfortable financial leverage over the past eight years, Fitch said.

The ratings also consider the company's well-diversified revenue streams across various segments of automotive industry, including a significant contribution from aftermarkets, the agency said.

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