TEXT-Fitch cuts Infomedia 18 to 'BBB-(ind)'


(The following statement was released by the rating agency) Feb 27 - Fitch Ratings has today downgraded India's Infomedia 18 Limited's (Infomedia 18) National Long-term rating to 'BBB-(ind)' (BBB minus) from 'A-(ind)' (A minus). At the same time, the agency has removed the rating from Rating Watch Negative (RWN) and assigned it a Negative Outlook. The ratings of the following instruments have also been downgraded: INR452m cash credit limits downgraded to 'BBB-(ind)' (BBB minus) from ...

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