TEXT-Fitch rates India's Indo Farm 'BBB(ind)'; outlook stable

Newswire

(The following statement was released by the ratings agency) Dec 23 - Fitch Ratings has today assigned India's Indo Farm Equipment Ltd. (Indo Farm) a National Long-term rating of 'BBB(ind)'. The Outlook is Stable. The agency has also assigned ratings to Indo Farm's bank facilities, as follows: - Outstanding INR60m long-term bank loans: 'BBB(ind)'; - INR390m fund-based working capital limits: 'BBB(ind)'/'F3(ind)'; and - INR40m non-fund based working capital limits: ...

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