TEXT-Fitch ups Minda Corporation to 'Fitch BBB+(ind)'/stable

Newswire

(The following statement was released by the rating agency) Oct 31- Fitch Ratings has upgraded India-based Minda Corporation Limited's National Long-Term rating to 'Fitch BBB+(ind)' from 'Fitch BBB(ind)'. The Outlook is Stable. A full rating breakdown is provided below. The upgrade reflects a significant improvement in Minda's consolidated credit profile and liquidity position during the financial year ended March 2011 (FY11) and Fitch's expectation that this improvement will be sustained ...

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