INDIA RATINGS: Tata International, Gopsons Papers Cut
Source: BFW (Bloomberg First Word)
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0930257D IN (Fomento Resources Pvt Ltd)
0180385D IN (Gopsons Papers Ltd)
0198055D IN (KV Aromatics Pvt Ltd)
47588Z IN (Tata Sons Ltd)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Diya Systems
- Term loan cut to BB+ from BBB- at ICRA
- Cites large debt-funded capital expenditure
- Fomento Resources
- Long-term bank facilities cut to BBB+ from A- at Crisil
- Cites moderation in cash accrual, debt protection metrics
- Gopsons Papers
- LT bank facilities cut to D from B- at Crisil
- Cites overdrawals in cash credit limit for more than 30 days
- K. V. Aromatics
- LT bank facilities cut to BBB from BBB+ at Crisil
- Cites increase in working capital requirement funded through debt
- Tata International
- LT loans cut to A from A+ at ICRA
- Cites recurring losses at consolidated level
- Adilabad Expressway
- LT bank facilities raised to BB- from B at Care
- Cites continued improvement in liquidity position
- Entire Ceramics
- LT bank facilities raised to BB+ from BB at Care
- Cites improvement in profit margins, cash accruals
- Iskrupa Mall Management
- Term loan raised to BBB-(SO) from BB at Care
- Cites credit enhancement in form of letter of comfort by the founder of Future Group
- Sri Anantha Lakshmi Spinning Mills
- LT bank facilities raised to BB from BB- at Crisil
- Cites increasing cash generation, efficient working capital management
Source: BFW (Bloomberg First Word)
Tickers
0930257D IN (Fomento Resources Pvt Ltd)
0180385D IN (Gopsons Papers Ltd)
0198055D IN (KV Aromatics Pvt Ltd)
47588Z IN (Tata Sons Ltd)
To de-activate this alert, click here
UUID: 7947283