HALISTER1: INDIA RATINGS: Lucknow Sitapur Cut; Anthem Biosciences Raised

INDIA RATINGS: Lucknow Sitapur Cut; Anthem Biosciences Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Lucknow Sitapur Expressways
    • Long-term rating cut to D from BB at ICRA
    • Cites delays in debt servicing
  • Siddhi Ganesh Metal
    • Long-term rating cut to B+ from BB- at Crisil
    • Cites stretched working capital cycle, low profitability and below-avg financial risk profile
UPGRADES
  • Anthem Biosciences
    • Long-term rating raised to A- from BBB at ICRA
    • Cites improvement in company’s financial profile as reflected in expansion in margins, improved profitability and stregthening of coverage indicators
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
3507Z GR (Mannesmann Rexroth AG)

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UUID: 7947283

HALISTER: Luxottica, Essilor Said to Agree EU50b Merger: FT

Luxottica, Essilor Said to Agree EU50b Merger: FT

(Bloomberg) -- Deal due to be announced before market open on Monday, FT reports, citing unidentified people with direct knowledge of the event.
  • Deal sees Luxottica founder Leonardo Del Vecchio becoming largest single shareholder in merged group with a stake of ~30%
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
EI FP (Essilor International SA)
LUX IM (Luxottica Group SpA)

People
Leonardo Del Vecchio (Luxottica Group SpA)

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UUID: 7947283

HALISTER1: Lynch: US Investigators Continue to Pursue Soccer Corruption

Lynch: US Investigators Continue to Pursue Soccer Corruption

Alert: HALISTER1
Source: APW (Associated Press)

People
Loretta Lynch (United States Department of Justice)
Jefferson Sessions (United States Senate)
Joseph Blatter (FIFA)

Topics
Criminal Practice & Procedure
Soccer
World Cup

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UUID: 7947283