Fitch rates Bhumya D(ind)

Fitch Ratings said it assigned Bhumya Pvt Ltd. a national long-term rating of Fitch D(ind).

The agency added that the 20 million rupee term loan and 275 million rupee cash credit limit have also been assigned a rating of Fitch D(ind), respectively.

According to Fitch, the ratings reflect Bhumya's default in the payment of its term loan interest and the overutilization of its cash credit limit every month for the last five months.

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