TEXT-Fitch revises Sandhar's outlook to stable;affirms ratings

Newswire

(The following statement was released by the rating agency) Dec 21 - Fitch Ratings has revised the Outlook on India's Sandhar Technologies Limited's (Sandhar) to Stable from Positive while affirming its National Long-Term rating at 'Fitch A-(ind)'. A full rating breakdown is provided below. The Outlook revision reflects Fitch's expectation that Sandhar's consolidated financial leverage (adjusted debt/EBIDTAR) will deteriorate over the short- to medium-term from 2.0x in FY11 (FY10: 2.4x) on ...

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