TEXT-Fitch rates two Himatsingka Group entities


(The following statement was released by the rating agency) March 30 - Fitch Ratings has assigned two Himatsingka Group's entites a National Long-Term rating of 'Fitch BB-(ind)'. The Outlook is Stable. A list of additional ratings is provided at the end of this commentary. Fitch has taken a consolidated view of the Himatsingka group while assigning the ratings to the two entities, namely Maurya Motors Limited (MML) and Shankar Motors Limited (SML). The ratings are constrained by the group's ...

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