Fitch gives Ramya B+(ind)

Fitch Ratings said it assigned Ramya Steel Syndicate a national long-term rating of Fitch B+(ind).

The outlook is stable.

Fitch said it has also assigned the company's 90 million rupees fund-based limits Fitch B+(ind)/Fitch A4(ind) ratings.

According to the agency, the ratings are constrained by Ramya Steel's small scale of operations coupled with weak EBITDA margins and modest credit metrics.

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