Fitch withdraws B- rating for Essar

Our Bureau Mumbai | Updated on January 24, 2018 Published on June 12, 2015

Ratings agency Fitch has withdrawn its ratings of engineering and construction company Essar Projects Ltd’s debt, saying the company has chosen to stop participating in the rating process. It has withdrawn its ‘B-’ rating of Essar Projects’ long-term foreign currency issuer default rating (IDR) and ‘B’ rating on short-term IDR. Fitch said it will no longer have sufficient information to maintain the ratings and will no longer provide ratings or analytical coverage for Essar Projects.

Published on June 12, 2015
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