(The following was released by the rating agency)
KOLKATA/SINGAPORE, August 03 (Fitch) Fitch Ratings has migrated the 'Fitch D(ind)' rating of India-based Prime Pulses Private Limited's (PPPL) non-fund based limits of INR1,150m to the non-monitored category. This rating will now appear as 'Fitch D(ind)nm' on the agency's website.
The ratings have been migrated to the non-monitored category due to lack of adequate information, and Fitch will no longer provide ratings or analytical coverage of PPPL. The ratings will remain in the non-monitored category for a period of six months and be withdrawn at the end of that period. However, in the event the issuer starts furnishing information during this six-month period, the ratings will be reinstated and communicated through a rating action commentary.