TEXT-Fitch Rates SK Wheels 'BB-(ind)'; Outlook Stable

Newswire

(The following was released by the rating agency) Feb 24 - Fitch Ratings has today assigned India's SK Wheels Private Ltd (SKWL) a National Long-Term Rating of 'BB-(ind)' with Stable Outlook. The agency has also assigned SKWL's INR234m term loans a National Long-Term Rating of 'BB-(ind)' and its INR300m non-fund based limits an 'F4(ind)' rating. The ratings reflect SKWL's market position as one of the largest sellers of Maruti Suzuki cars in Western India. The ratings also reflect the ...

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