Fitch rates Adhunik Alloys loans BB+(ind)

Fitch Ratings said it affirmed Adhunik Alloys & Power Ltd.'s national long-term issuer rating at BB+(ind), and assigned a BB+(ind) rating to its outstanding long-term loans aggregating Rs. 2.92 billion, a national short-term rating of F4 on sanctioned non-fund based limits aggregating Rs. 250 million and a national long-term rating of BB+(ind) on its cash credit limits aggregating Rs. 350 million.

The outlook is stable.

The ratings reflect the company's higher debt limits as sanctioned by the banking system, Fitch said.

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