TEXT-Fitch affirms Jubilant Motors at 'BBB-(ind)'; outlook stbl

Newswire

(The following statement was released by the ratings agency) May 30 - Fitch Ratings has affirmed India-based Jubilant Motors Private Limited's (JMPL) National Long-term rating at 'BBB-(ind)' with Stable Outlook. Simultaneously, the agency has affirmed JMPL's various bank facilities as follows: - INR115.6m term loan outstanding as on 31 March 2011 at 'BBB-(ind)' - INR270m fund-based working capital limits (increased from INR100m) at 'BBB-(ind)'/'F3(ind)'; and - INR350m non-fund based ...

Premium Content (PAID Subscription Required)

"TEXT-Fitch affirms Jubilant Motors at 'BBB-(ind)'; outlook stbl" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Sponsored Introduction Continue on to (or wait seconds) ×