HALISTER1: INDIA RATINGS: Bimla Maru Fashions Cut; Privi Organics Raised

INDIA RATINGS: Bimla Maru Fashions Cut; Privi Organics Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Bimla Maru Fashions
    • Long-term bank facilities cut to D from C at Crisil
    • Cites devolvement of letter of credit
  • Magadh Precision Equipment
    • Fund-based limits cut to D from B at ICRA
    • Cites devolvement of letter of credit
UPGRADES
  • Aastha Spintex
    • LT bank facilities raised to BB- from B at Crisil
    • Cites stabilization of operations
  • Marino Food Products
    • LT bank facilities cut to B- from D at Crisil
    • Cites timely servicing of debt over the past four months
  • Naveen Hotels
    • LT bank facilities raised to BBB+(SO) from BBB- at Crisil
    • Cites healthy debt service coverage, instances of accelerated repayment of loans
  • Privi Organics
    • LT bank facilities raised to A- from BBB+ at Crisil
    • Expects business risk profile to continue to improve due to steady topline growth, better profitability
  • Unitech Automobiles
    • LT bank facilities raised to BB- from B at Care
    • Cites improvement in operating performance
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
9155931Z IN (Bimla Maru Fashions Pvt Ltd)
FIH/U CN (Fairfax India Holdings Corp)
6595116Z IN (Magadh Precision Equipment Ltd)
9764377Z IN (Unitech Automobiles Pvt Ltd)

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UUID: 7947283

HALISTER1: MAJOR TECHS: JPY Eyes 23.6% Fibonacci Line; AUD Nears 200-DMA

MAJOR TECHS: JPY Eyes 23.6% Fibonacci Line; AUD Nears 200-DMA

(Bloomberg) -- Daily levels for GBP and Asian currency pairs:
  • USD/JPY -- Consolidating below November peak
  • 3rd resistance: 114.87, Feb. 16 high
  • 2nd resistance: 113.90, Nov. 25 high
  • 1st resistance: 112.56, 5-DMA
  • Spot: 111.84; pivot point: 112.15
  • 1st support: 111.48, 10-DMA
  • 2nd support: 110.90, 23.6% Fibonacci retracement
  • 3rd support: 106.40, 200-DMA
  • GBP/USD -- Capped below 55-DMA
  • 3rd resistance: 1.2771, Oct. 5 high
  • 2nd resistance: 1.2674, Nov. 11 high
  • 1st resistance: 1.2540, 55-DMA
  • Spot: 1.2417; pivot point: 1.2445
  • 1st support: 1.2361, Nov. 23 low
  • 2nd support: 1.2221, Nov. 2 low
  • 3rd support: 1.2090, Oct. 11 low
  • AUD/USD -- Consolidating below 200-DMA
  • 3rd resistance: 0.7537, 21-DMA
  • 2nd resistance: 0.7524, 200-DMA
  • 1st resistance: 0.7501, Nov. 17 high
  • Spot: 0.7489; pivot point: 0.7470
  • 1st support: 0.7441, 5-DMA
  • 2nd support: 0.7286, June 16 low
  • 3rd support: 0.7202, June 2 low
  • NZD/USD -- Pivoting around 200-DMA at 0.7041
  • 3rd resistance: 0.7184, 55-DMA
  • 2nd resistance: 0.7150, 21-DMA
  • 1st resistance: 0.7102, Nov. 28 high
  • Spot: 0.7080; pivot point: 0.7069
  • 1st support: 0.6972, Nov. 24 low
  • 2nd support: 0.6952, July 21 low
  • 3rd support: 0.6801, June 3 low
  • USD/SGD -- Consolidating below November high
  • 3rd resistance: 1.4687, July 17, 2009 high
  • 2nd resistance: 1.4533, Aug. 21, 2009 high
  • 1st resistance: 1.4365, Nov. 24 high
  • Spot: 1.4237; pivot point: 1.4245
  • 1st support: 1.4202, Nov. 22 low
  • 2nd support: 1.4103, 21-DMA
  • 3rd support: 1.3886, 55-DMA
  • USD/KRW -- Retreating from November high
  • 3rd resistance: 1,217.15, March 9 high
  • 2nd resistance: 1,198.05, May 31 high
  • 1st resistance: 1,186.93, Nov. 21 high
  • Spot: 1,170.43 (close on Nov.24); pivot point: 1,170.61
  • 1st support: 1,161.76, 21-DMA
  • 2nd support: 1,152.39, 200-DMA
  • 3rd support: 1,134.34, 55-DMA
  • USD/MYR -- Approaching 2015 high
  • 3rd resistance: 4.8850, record high in 1998
  • 2nd resistance: 4.6100, Jan. 26, 1998 high
  • 1st resistance: 4.4800, Sept. 29, 2015 high
  • Spot: 4.4637 (close on Nov. 28); pivot point: 4.4594
  • 1st support: 4.4173, 10-DMA
  • 2nd support: 4.3170, 21-DMA
  • 3rd support: 4.2143, 55-DMA
  • NOTE: Mark Cranfield is an FX strategist who writes for First Word. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Enwave Energy Corporation - Rating Report

Enwave Energy Corporation - Rating Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
BAM/A CN (Brookfield Asset Management Inc)

People
Adam Provencher (DBRS Inc)
Eric Eng (DBRS Ltd)
Jay Gu (DBRS Ltd)
Koichi Tsuda (Sbi Liquidity Market Co Ltd)

Topics
Fixed Income Research
Industry & Sector Research
Credit Analysis Research
Credit Research
Investment Research

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UUID: 7947283

HALISTER1: New Residential Mortgage Loan Trust 2016-4 - Presale Report

New Residential Mortgage Loan Trust 2016-4 - Presale Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Corina Gonzalez (DBRS Inc)
Quincy Tang (DBRS Inc)
Zhen He (DBRS Inc)

Topics
Fixed Income Research
Reports
Common Stock Research
Credit Analysis Research
Credit Research

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UUID: 7947283