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Prospect News home > News index > List of issuers I > Headlines for Indus Projects Pte. Ltd. > News item
Published on 7/6/2012 in the Prospect News Emerging Markets Daily.

Fitch: Indus Projects at BB(ind)

Fitch Ratings said it assigned Indus Projects Private Ltd. a national long-term rating of Fitch BB(ind).

The outlook is stable.

According to Fitch, the ratings reflect Indus' strong but volatile operating profitability over the past three years. EBITDA margins declined to 18.3% in FY11, after increasing to 21.7% in FY10 (FY09: 26.5%).


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