FITCH rates India's Tata Marcopolo Motors A(ind)

Newswire

(The following was released by the rating agency) March 31 (Fitch) Fitch Ratings has assigned India's Tata Marcopolo Motors Ltd (TMML) a National Long-Term rating of 'A(ind)' with Stable Outlook. The agency has also assigned ratings to TMML's bank loans, as follows: - INR1350m term loan: 'A(ind)'; - INR900m fund-based working capital limits: 'A(ind)'; and - INR750m non-fund based limits: 'F1(ind)'. The ratings reflect assured revenues for TMML from Tata Motors Ltd (Tata Motors) ...

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