Rolta India Plunges as Fitch Revises its Outlook for Bonds to 'Negative'

Shares of Rolta India fell over 12 per cent to hit intraday low of Rs 106.85 after international credit rating agency, Fitch revised its outlook on Rolta India's bonds to 'negative' and affirmed its 'BB-' rating. Fitch Ratings in a statement said that it has revised the outlook on Rolta India for its long-term foreign- and local-currency issuer default ratings (IDRs) to 'negative' from 'stable', and affirmed the IDRs and senior unse...