| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers R > Headlines for Rolta Americas LLC > News item |
Fitch downgrades Rolta India
Fitch Ratings said it downgraded Rolta India Ltd.'s long-term foreign- and local-currency issuer default ratings to RD (restricted default) from CC.
The agency also said it downgraded Rolta, LLC’s $127 million 10¾% senior unsecured notes due 2018 and Rolta Americas LLC’s $367 million 8 7/8% senior unsecured notes due 2019 to C with recovery rating of RR5 from CC with recovery rating of RR4.
Fitch also said it downgraded the Rolta’s senior unsecured class rating to C from CC. The notes are guaranteed by Rolta.
The action follows Rolta’s disclosure that bank loans of $35 million due March 31 are still outstanding, the agency said.
There has been no agreement between the lenders and Rolta to extend this maturity, Fitch said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.