TEXT-Fitch upgraded Sona Okegawa to 'Fitch BB+(ind)'


(The following statement was released by the rating agency) Feb 24 - Fitch Ratings has upgraded India-based Sona Okegawa Precision Forgings Limited's (SOPFL) National Long-Term rating to 'Fitch BB+(ind)' from 'Fitch BB(ind)'. The Outlook is Stable. A list of additional rating actions is provided at the end of this commentary. The upgrade reflects continuous and significant improvements in SOPFL's consolidated operating profitability and financial leverage in FY11 (financial year ending ...

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