Fitch rates Fresenius India loans BB+(ind)

Fitch Rating said it assigned Fresenius Kabi India Pvt Ltd. a national long term rating of BB+(ind), along with a A(ind)(SO)/F1(ind)(SO) on Rs. 451 million umbrella working capital limit guaranteed by Fresenius Kabi, BB+(ind) rating on Rs. 15 million fund-based working capital limit and Rs. 5 million non-fund based working capital limit of F4(ind).

The outlook is stable.

The rating reflects its legal and strategic linkages with its parent, Fresenius Kabi , whose credit profile is directly linked to its ultimate parent, Fresenius SE, Fitch said.

The ratings are based solely on the unconditional and irrevocable corporate guarantee of Fresenius, the agency said.

© 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.