TEXT-Fitch afrms MMM's loans at'BBB-(ind)/F3(ind)'

Newswire

(The following statement was released by the ratings agency) Sept 24 - Fitch Ratings has today affirmed India's Magneti Marelli Motherson Auto Systems Limited's (MMM) National Long-term rating at 'BBB-(ind)'. The Outlook is Stable. The agency has simultaneously affirmed the ratings on MMM's bank facilities, as follows: - INR300m term loans (enhanced from INR250m): 'BBB-(ind)'; and - INR100m fund-based working capital limits (enhanced from INR50m): 'BBB-(ind)'/'F3(ind)'.

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