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Fitch affirms Sunil
Fitch Ratings said it affirmed Sunil Hitech Engineers Ltd.'s national long-term rating at BBB+(ind).
The outlook is a stable.
The agency said it has also affirmed the ratings on the company's bank facilities, as follows: Rs. 307 million term loans at BBB+(ind); Rs. 1.5 billion long-term fund-based limits at BBB+(ind); and Rs. 3.35 billion non-fund based limits at F2+(ind).
The ratings reflect Sunil's strong Rs. 19.7 billion order book position and 2.7x FY10 revenues, the agency said.
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