TEXT-Fitch afrms 'AA-(ind)'/'F1+(ind)' rtngs of SPRL bank loans

Newswire

(The following statement was released by the rating agency) Aug 21 - Fitch Ratings has today affirmed India-based Shriram Pistons and Rings Limited's (SPRL) National Long-term rating of 'AA-(ind)'. At the same time, Fitch has affirmed the ratings of its fund based working capital limits (of INR430m, enhanced from INR350m) at 'AA-(ind)', non fund based working capital limits (of INR900m, enhanced from INR710m) at 'F1+(ind)', and commercial paper program (of INR50m carved out of fund based ...

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