TEXT: Pibco India Rated 'Fitch D(ind)'

Newswire

(The following was released by the rating agency) KOLKATA/SINGAPORE, November 23 (Fitch) Fitch Ratings has assigned Pibco India Pvt. Ltd. (PIBCO) a National Long-Term rating of 'Fitch D(ind)'. A list of additional rating actions is provided at the end of this commentary. The ratings reflect current delays in the payment of term loan instalments and in the servicing of interest. PIBCO has failed to meet its monthly term loan repayments of more than INR100,000 since the first payment date ...

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