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Motherson Sumi Systems' subsidiary SMRP BV gets ratings assigned

Capital Market 

By Fitch Ratings

Systems announced that Fitch Ratings ('Fitch') has rated outstanding secured bonds of SMRPBV at BBB- Samvardhana Motherson Automotive Systems Group B.V., Netherlands (SMRP BV), a subsidiary of the Company.

Furthermore, Fitch has also assigned a first time corporate rating of BB+ with a Positive outlook to SMRP BV.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)