Fitch: Essar Bulk BBB+(ind)

Fitch Ratings said it assigned Essar Bulk Terminal Ltd. a national long-term rating Fitch BBB+(ind).

The outlook is stable.

According to Fitch, the ratings reflect Essar's strong revenue visibility from its long-term "take or pay" agreement with Essar Steel Ltd. ending in March 2027 and are, therefore, linked directly to the latter's credit quality.

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