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Rolta India gets revision in credit ratings

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Capital Market
Last Updated : Jun 04 2016 | 11:28 AM IST

From Fitch Ratings

Rolta India announced that Fitch Rating has the Company's long term foreign and local currency issuer default ratings (IDRs) to 'RD' from 'CC'. Simultaneously, Fitch has downgraded the Rolta, LLC's USD 127 million 10.75% senior unsecured notes due 2018 and Rolta Amercas LLC's USD 367 million 8.875% senior unsecured notes due 2019 to 'C' with Recovery Rating of 'RR5' from 'CC' with Recovery Rating of 'RR4'. Fitch has also downgraded the Rolta's senior unsecured class rating to 'C' from 'CC'. The notes are guaranteed by Rolta.

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First Published: Jun 04 2016 | 10:50 AM IST

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