TEXT-Fitch revises ALL's otlk to stble; afrms rtgs at 'AA-(ind)'

Newswire

(The following statement was released by the ratings agency) Aug 19 - Fitch Ratings has today revised the Outlook on India's Ashok Leyland Limited (ALL) to Stable from Negative while affirming its National Long-term rating at 'AA-(ind)'. Fitch has also affirmed ALL's INR750m long-term non-convertible debenture programme at 'AA-(ind)'. The revision in Outlook is underpinned by the significant improvement in ALL's domestic sales volumes in the Medium & Heavy Commercial Vehicles ...

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