Fitch gives Bajaj Eco BBB-(ind)

Fitch Ratings said it assigned a national long-term issuer rating of BBB-(ind) to Bajaj Eco Tech Products Ltd., as well as long-term and short-term debt ratings of BBB-(ind) and F3(ind), respectively, to its Rs. 750 million fungible fund-based working capital limits.

The outlook is stable.

According to Fitch, Bajaj Eco's ratings reflect the favorable demand supply position and outlook for the particle board and medium density fiber board industry in India, as well as the high capital intensity of the business providing significant entry barriers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.