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Fitch rates Orient Fashion Exports BB+(ind)
Fitch Ratings said it assigned Orient Fashion Exports (India) Pvt. Ltd. a national long-term issuer rating of BB+(ind), along with a national long-term rating of BB+(ind) on its fund-based working capital banking lines aggregating Rs. 500 million, national long-term rating of BB+(ind) and national short-term rating of F4(ind) on its working capital banking lines aggregating Rs.100 million and national long-term rating of BB+(ind) and national short-term rating of F4(ind) on its non fund-based working capital banking lines of Rs. 40 million.
The outlook is stable.
The ratings reflect the small size of its operations, combined with low barriers to entry in the industry, Fitch said.
The ratings draw some comfort from the established operations of the company and its long-standing relationships with its various customers, the agency said.
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