Fitch rates Avani B-(ind)

Fitch Ratings said it assigned Avani Projects & Infrastructure Ltd. an expected national long-term rating of B-(ind) with a stable outlook.

Fitch said it has also assigned an expected rating of B-(ind) to the company's long-term loan aggregating Rs. 1 billion.

According to the agency, the rating reflects execution risks such as time and cost overruns since Avani is behind schedule in two of its projects.

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