Fitch rates Jaisingh Wires A(ind)

Fitch Ratings said it assigned India's Jaisingh Wires Private Ltd. a national long-term rating of A(ind), along with an F1 rating on its Rs.47.0 million fund-based working capital limits and F1(ind) on its Rs.85.0 million non fund-based working capital limits.

The ratings are primarily driven by parent company, Polycab Wires Private Ltd., rated A+(ind) with stable view, Fitch said, and are a reflection of the strong legal, operating and strategic linkages between both companies.

But Polycab Wire's tight liquidity position is a concern, so Fitch said it notched down Jaisingh's rating.

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