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Fitch rates Delton Cables loans BB+(ind)
Fitch Ratings said it assigned Delton Cables Ltd. a national long-term rating of BB+(ind), along with the company's outstanding term loan of Rs.17.14 million a rating of BB+(ind) and fund-based limits of Rs.328 million ratings of BB+(ind) and F4(ind).The agency also said it assigned Delton's non fund-based limits of Rs.599 million ratings of BB+(ind) and F4(ind).
The outlook is stable.
The ratings reflect the company's track record of nearly 60 years in the cable manufacturing industry, during which time Delton has developed long-standing relationships with various public sector undertakings, Fitch said.
The ratings also benefit from Delton's diversified customer base across a wide range of industries, the agency said.
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