Fitch Revises SAMIL’s Outlook to Stable, Affirms BB+ Rating

Fitch Ratings has revised its outlook on Samvardhana Motherson International Limited to stable while affirming its Issuer Default Rating at BB+. The revision reflects the company’s strong market position, diversified business profile, and commitment to maintaining financial discipline amid expansion efforts.  

Key Developments:  
- SAMIL’s rating continues to be supported by its leadership as a tier-one auto supplier with a well-diversified customer base.  
- The company’s recent acquisitions and expansion strategy have contributed to revenue growth, with Fitch expecting further improvements in profitability.  
- Fitch noted that SAMIL’s leverage is expected to decline as operational efficiencies improve, reinforcing its financial stability.  
- The stable outlook indicates confidence in SAMIL’s ability to sustain growth while managing risks associated with sector cyclicality and dependence on original equipment manufacturers.  

Sources:  
Fitch Ratings, Business Standard, The Economic Times.

 

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