Fitch gives YM Drugs D(ind)

Fitch Ratings said it assigned YM Drugs & Chemicals Pvt. Ltd. a national long-term rating of Fitch D(ind).

The agency said that the ratings reflect the numerous letters of credit devolvement, the continuous delays in the repayment of its outstanding term loans' installments and interest, and the overutilization of its cash credit limits in the 12-month period to December from a lack of sufficient liquidity.

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