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Published on 11/24/2009 in the Prospect News Emerging Markets Daily.

Fitch affirms Delton Cables

Fitch Ratings said it has affirmed Delton Cables Ltd.'s national long-term rating at BB+(ind) with stable outlook.

The agency said it has also affirmed the ratings of Delton's enhanced bank loan facilities, as follows:

• Rs. 17.14 million long-term loans: at BB+(ind);

• Rs. 336 million fund based limits: at BB+(ind)/F4(ind); and

• Rs. 616 million non-fund based limits: at BB+(ind)/F4(ind).


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