HALISTER1: Nigeria Probes 11 Officials Over ‘Ghost Workers’ on Payroll

Nigeria Probes 11 Officials Over ‘Ghost Workers’ on Payroll

(Bloomberg) -- Some of the people have been referred to Economic and Financial Crimes Commission, others already on trial, presidency’s spokesman, Garba Shehu, says on Twitter.
  • Govt removed 50,000 “ghost workers” from payroll in 2016, saved 200b naira
  • Govt’s monthly salary bill, excluding pensions, has fallen to 138b Naira from 151b Naira since Feb.
  • Govt’s pension bill down by 1.1b naira to 14.4b naira over same period
  • NOTE: May 6, Nigeria’s Adeosun Says Wage Bill Unsustainable: Premium Times Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: INDIA RATINGS: Ruchi Infrastructure Cut; Iworld Business Raised

INDIA RATINGS: Ruchi Infrastructure Cut; Iworld Business Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Kesar Multimodal Logistics
    • Term loan cut to BB+(SO) from BBB-(SO) at Care
    • Cites delay in commencement of project
  • Ruchi Infrastructure
    • Short-term bank facilities cut to D from A2 at Care
    • Cites delays in servicing of debt obligations
  • Zenith Metaplast
    • Long-term bank facilities cut to BB- from BB at Care
    • Cites losses, deterioration in debt coverage indicators
UPGRADE
  • Iworld Business Solutions
    • LT bank facilities raised to BBB+ from BBB at Crisil
    • Cites healthy growth of the principal, Apple Inc. in the Indian market, and increasing demand and purchasing power of urban consumers
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
CLFL IN (Ruchi Infrastructure Ltd)
KTIL IN (Kesar Terminals & Infrastructure Ltd)
0667167D IN (Zenith Metaplast Pvt Ltd)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Cristina Fernández de Kirchner Indicted Again on Corruption Charges

Cristina Fernández de Kirchner Indicted Again on Corruption Charges

Alert: HALISTER1
Source: NYT (New York Times)

People
Cristina De Kirchner (Argentine Republic)
Nestor Kirchner (Argentine Republic)
Dilma Rousseff (Worker's Party Of Sao Paulo)
Julio Miguel De Vido (Argentine Republic)
Mauricio MacRi (Argentine Republic)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: Cristina Fernández charged in Argentina corruption case

Cristina Fernández charged in Argentina corruption case

Alert: HALISTER1
Source: FTI (Financial Times)

People
Cristina De Kirchner (Argentine Republic)
Amado Boudou (Argentine Republic)
Dilma Rousseff (Worker's Party Of Sao Paulo)
Julio Miguel De Vido (Argentine Republic)
Mauricio MacRi (Argentine Republic)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283