Fitch withdraws Sarvodaya Development Finance’s rating

Fitch Ratings has withdrawn Sarvodaya Development Finance PLC’s (SDF) National Long-Term Rating of ‘B+(lka)’. The rating was on Rating Watch Negative, which has not been resolved prior to the withdrawal. 

Fitch is withdrawing the rating as SDF has chosen to stop participating in the rating process, Fitch said. “Therefore, Fitch will no longer have sufficient information to maintain the rating. Accordingly, Fitch will no longer provide rating or analytical coverage for SDF,” the rating agency added.