Fitch affirms India Glycols

Fitch Ratings said it affirmed India Glycols Ltd.'s national long-term rating at BBB+(ind) with a stable outlook and its loan facilities at BBB+(ind) for long-term loans and F2(ind) for short-term loans.

The agency said that for the six months that ended in September, the company reported net revenues of Rs. 5.11 billion, down 15% year-over-year, and EBITDA and net income margin of 5.3% and 0.4%, respectively.

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