Fitch rates Polycab Cables loans F2+(ind)

Fitch Ratings said it assigned Polycab Cables Pvt Ltd. a national long-term rating of A-(ind), along with an Rs.80.0 million fund-based working capital limit of F2+(ind) and Rs. 160 million non fund-based facilities of F2+(ind).

The outlook is stable.

The ratings are driven by parent company, Polycab Wires Pvt Ltd., which is rated A+(ind) with stable view, Fitch said.

The ratings reflect its strong legal, operating and strategic linkages with its parent, the agency said.

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