Fitch Ratings has today affirmed India's Shriram EPC Ltd's (SEPC) National Long-term rating at 'A-(ind)'. The Outlook is Stable. At the same time, the agency has affirmed SEPC's INR1,798m long-term fund-based limits and its INR910m long-term loans at 'A-(ind)', and its INR5,470m short-term non fund-based limits, INR500m short-term loans and INR1,000m Commercial Paper programme at 'F1(ind)'. The CP programme will be carved out of existing fund-based working capital limits.
For the rationale affecting the rating action, please refer to the press release dated 23 July 2009, "Fitch Rates India's Shriram EPC's Commercial Paper 'F1(ind)'".
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