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Prospect News home > News index > List of issuers P > Headlines for Puravankara Projects Ltd. > News item
Published on 7/26/2010 in the Prospect News Emerging Markets Daily.

Fitch affirms Puravankara Projects

Fitch Ratings said it affirmed Puravankara Projects Ltd.'s national long-term rating at BBB (ind) and on its long term debt rated BBB (ind), and removed them from Rating Watch negative.

The outlook is stable.

The affirmation follows the improvement in sales and cash flows for fiscal 2010 and the refinancing of debt obligations in the first quarter, according to the agency.

In fiscal 2010, the company had a total debt-to-EBIDTA ratio of 5.24x.


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