Fitch affirms Bhoruka Park

Fitch Ratings said it affirmed Bhoruka Park Private Ltd,'s national long-term rating at BBB+(ind).

The outlook is stable.

Ratings are underpinned by the full occupancy of the copany's sole commercial property by ABB Global Industries & Services Ltd. over the last three years, by the routing of rentals through an escrow account maintained with its bankers and a stiff exit clause in the lease deeds, according to the agency.

The company's net debt-to-EBITDA ratio as of March 31 was 4.6x.

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