Halister News

(Bloomberg) -- Following are forecasts for today’s economic releases as compiled by Bloomberg News.

• Initial Claims 270k; range 245k to 315k (42 estimates)
• Cont. Claims 1992k; range 1990k to 2025k (6 estimates)
• “The jobless claims data were greatly impacted by the hurricanes and will continue to be distorted over the next several weeks”: Bloomberg Intelligence
• The prior report showed claims dropped by 23,000 in the week ended Sept. 16 to 259,000
• Adv Goods Trade Balance $-65.1b; range $-68b to $-61b (35 estimates)
• Wholesale Inv. 0.4% m/m; range 0.1% to 0.5% (13 estimates)
• Exports have been boosted by global growth and the weakening dollar: Bloomberg Intelligence
• GDP 3% q/q; range 2.8% to 3.3% (69 estimates)
• PCE 3.3% q/q; range 3.1% to 3.4% (10 estimates)
• GDP Price Index 1% q/q; range 1% to 1% (25 estimates)
• Core PCE Prices 0.9% q/q; range 0.9% to 0.9% (6 estimates)
• “The composition of growth at mid-year shows a solid contribution from consumer spending and a potential re-emergence of business investment”: Bloomberg Intelligence
• In last month’s GDP revision, the government lifted its second-quarter GDP estimate to a 3 percent annual growth rate from 2.6 percent

To contact the reporters on this story: Alex Tanzi in Washington at atanzi@bloomberg.net; Vincent Del Giudice in Denver at vdelgiudice@bloomberg.net To contact the editors responsible for this story: Alex Tanzi at atanzi@bloomberg.net Kristy Scheuble

--EMMA ROSS-THOMAS

--EMMA ROSS-THOMAS

(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

• Alpha Design Technologies
  • Working capital limits cut to BBB from BBB+ at ICRA
  • Cites significant decline in operating income
• Burnpur Cement
  • Fund-based facility lowered to D from BB at Brickwork
  • Cites performance of the company has decreased due to non-availability of mines, which were earlier allotted
• GMR Bajoli Holi Hydropower
  • Term loan cut to D from BBB- at Care
  • Cites instance of delay in servicing debt obligations
• Jujhar Constructions
  • Long-term bank facilities cut to B+ from BB- at Crisil
  • Cites deterioration in financial risk profile, particularly liquidity
• Manappuram Jewellers
  • LT bank facilities cut to BBB- from BBB at Crisil
  • Cites subdued cash accruals
• Mangal Sponge
  • Fund-based limits cut to B- from B+ at ICRA
  • Cites significant delay in implementation of large debt-funded capex
• MCL Global Steel 
  • Term loan cut to D from BBB- at Brickwork
  • Cites delays in debt servicing
• MFL India
  • LT bank facilities cut to BB from BB+ at Crisil
  • Cites significant deterioration in operating margin
• Mittal Corp
  • Term loan cut to B+ from BB at Brickwork
  • Cites stretched liquidity position
• Vinayak Rathi Steel Rolling
  • Cash credit cut to B from BB at Brickwork
  • Cites liquidity concerns

UPGRADES

• Cholamandalam Investment
  • Subdebt raised to AA+ from AA at Care, perpetual debt upgraded to AA from AA-
  • Cites continuous improvement in financial performance
• Emerge Glass
  • LT bank facilities raised to BBB from BBB- at Care
  • Cites stabilization of recently commissioned project
• Lexicon Vanijya
  • LT bank facilities raised to A+ from A- at Crisil
  • Cites strong managerial, financial support
• Medicamen Biotech
  • LT bank facilities raised to BB+ from BB- at Crisil
  • Cites better-than-expected operating profitability
• Real Ispat
  • Fund-based limits raised to A from A- at ICRA
  • Cites group’s improved credit profile due to sizeable growth in scale of operations, profitability
• Shree Ramkrishna Exports
  • LT bank facilities raised to A+ from A at Care
  • Cites better collection period than industry average
• Sunborne Energy Rajasthan
  • Term loan raised to BBB+ from BBB- at ICRA
  • Cites refinancing of part dollar-denominated term loan to a completely rupee-denominated term loan, eliminating forex fluctuations risks