(The following statement was released by the rating agency) Jan 30 - Fitch Ratings has affirmed India's Pooja Forge Limited's (PFL) National Long-term Rating at 'Fitch BBB(ind)', and revised the Outlook to Stable from Positive. A complete list of ratings is provided at the end of this commentary. The Outlook revision to Stable reflects a decline in PFL's operating EBITDA margin to 12.5% in FY11 (FY10: 13.8%) due to an increase in raw material costs. This, coupled with high working capital ...
Premium Content (PAID Subscription Required)
"TEXT-Fitch affirms Pooja Forge at 'Fitch BBB(ind)'" 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!
Current subscribers, please login or CLICK for support information.