Credit rating agency, Fitch Ratings has revised Delton Cables outlook to negative from Stable. The rating agency has reaffirmed BB+ (ind) rating assigned to the company’s long term facilities.
The rating agency has also reaffirmed Rs 1.06 crore outstanding long term loan to BB+(ind), Rs 32 crore fund-based working capital limits (reduced from Rs 33.6 crore) to BB+(ind)/F4(ind) and Rs 60.6 crore non fund-based working capital limits (reduced from Rs 61.6 crore) to BB+(ind)/ F4(ind) of the company’s bank facilities.
Delton offers Total Telecom Solution Products from Conventional Telecom Cables to Microwave Accessories and others. It provides competence in Cable technology - covering measurement, control, communication and power distribution applications, as used in exploration, refining or gas processing sites, petrochemical, chemical, power generation and similar applications.
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