Reuters logo
TEXT-Fitch migrates National Seed Corp's bank loans to non-monitored
July 25, 2012 / 10:30 AM / 5 years ago

TEXT-Fitch migrates National Seed Corp's bank loans to non-monitored

(The following statement was released by the rating agency)

July 25 - Fitch Ratings has migrated the ‘Fitch AA(ind)’ National Long-Term rating on India-based National Seed Corporation Limited’s (NSC) INR500m fund-based working capital limits to the non-monitored category. The rating will now appear as ‘Fitch AA(ind)nm’ on the agency’s website.

The rating has been migrated to the non-monitored category due to lack of adequate information available, and Fitch will no longer provide ratings or analytical coverage of NSC’s loans. The rating will remain in the non-monitored category for six months and be withdrawn at the end of that period. However, in the event the issuer starts furnishing information during this six-month period, the rating may be reinstated and will be communicated through a rating action commentary.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below