Fitch rates Pratibha, loan BBB(ind)

Fitch Ratings said it has assigned Pratibha Shipping Co. Ltd. a national long-term rating of BBB(ind).

The outlook is stable.

The agency said it has also assigned a BBB(ind) rating to Pratibha's term loans of Rs. 3.049 billion.

According to the agency, the ratings are primarily derived from the strength of the client contracts and the rating reflects the company's presence in the coastal shipping segment, which is dominated by small regional players.

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