Rolta India Limited - Revision in Rating

Rolta India

06/04/2016 08:31

RNS Number : 3301U

Rolta India Limited

06 April 2016

April 5, 2016

To,
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai - 400001.
To,
National Stock Exchange of India Limited
Listing Department
"Exchange Plaza"
Bandra Kurla Complex, Bandra (East)
Mumbai - 400051.

Dear Sirs/Madam

Sub: Intimation of revision in Ratings under the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015.

This has reference to the Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 ("the Regulations"). In accordance with the said Regulation(s), please find below the details of revision in ratings for the Company and its Subsidiaries.

Name of the Company
Credit Rating Agency
Type of Credit Rating
Existing
Revised
Rolta India Limited
Fitch Ratings
Long Term Foreign and Local Currency Issuer Default Ratings
BB-
B
Rolta LLC
(USD127mn) @10.75%
Fitch Ratings
Senior Unsecured Notes due 2018
BB-
B
Rolta Americas LLC (USD367mn) @8.875
Fitch Ratings
Senior Unsecured Notes due 2019
BB-
B

The report from the credit rating agency covering the rationale for the revision in credit rating is enclosed.

This is for your information and records.

Yours faithfully,

For ROLTA INDIA LIMITED,

Company Secretary

Encl: a/a

This information is provided by RNS

The company news service from the London Stock Exchange

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