Fitch rates Motherson BBB-(ind)

Fitch Ratings said it has assigned Motherson Auto Ltd. a national long-term rating of BBB-(ind).

Fitch said it has also assigned ratings of BBB-(ind) to its existing term loans of Rs. 437.7 million.

The outlook is stable.

The agency added that the ratings reflect the highly predictable nature of the company's cash flows owing to its captive client base, as well as its high EBIDTA margins.

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