Fitch rates Emitec BBB(ind)

Fitch Ratings said it assigned Emitec Emission Control Technologies India (Pvt) Ltd. a national long-term rating of Fitch BBB(ind) with stable outlook.

According to the agency, the ratings reflect Emitec India's strong market position of a leading manufacturer of metallic substrates in India and its preferred supplier status among its reputed clientele of Hero Motocorp Ltd, Bajaj Auto Ltd, TVS Motor Co. Ltd, India Yamaha Motor Pvt Ltd and Enfield Motorcycles.

The ratings also factor in Emitec India's strong operational and strategic linkages with its parent - Emitec Gesellschaft fur Emissionstechnologie GmbH, which is the world's largest metallic substrates manufacturer, Fitch said.

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