Fitch retains Binani Cement’s ratings

Fitch retains Binani Cement’s ratings
Published: 09 June 2010

Fitch upheld today the national long-term A(ind) rating of Indian cement maker Binani Cement Ltd. The outlook is "stable.
 
The agency also decided to keep the A(ind) rating on the company’s INR9.4bn (USD199.5m) long-term loans, enhanced from INR7.7bn, and INR600m cash credit limits, as well as the F1(ind) rating on its INR2.5bn non-fund based working capital limits.