HALISTER1: INDIA RATINGS: Sanjay Grain Cut; Haldiram Snacks, KR Pulp Raised

INDIA RATINGS: Sanjay Grain Cut; Haldiram Snacks, KR Pulp 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
DOWNGRADE
  • Sanjay Grain
    • Long-term bank facilities cut to BB from BB+ at Care
    • Cites deterioration in financial performance
UPGRADES
  • Haldiram Snacks
    • Term loans raised to AA from AA- at ICRA
    • Cites healthy growth in operating income, steady improvement in profitability metrics
  • KR Pulp
    • LT bank facilities raised to A- from BBB+ at Care
    • Cites consistent improvement in financial-risk profile, healthy liquidity position
  • Lexus Granito
    • Term loans raised to BB from BB- at ICRA
    • Cites increase in operating income
  • Shreedhar Milk
    • LT bank facilities raised to BBB from BBB- at Crisil
    • Cites scaling-up of operations
  • Sound Castings
    • LT bank facilities raised to A from A- at Care
    • Cites growth in scale of operations
  • Tecnimont
    • LT bank facilities raised to AA- from A+ at Care
    • Cites improvement in orderbook-to-sales ratio
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
9536442Z IN (Haldiram Snacks Pvt Ltd)
7581244Z IN (KR Pulp & Papers Ltd)
6593396Z IN (Sound Castings Pvt Ltd)

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UUID: 7947283

HALISTER1: Rainbow Hospital Partnership - DBRS Rating Report

Rainbow Hospital Partnership - DBRS Rating Report

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

Tickers
SNC CN (SNC-Lavalin Group Inc)

People
Suneil Ramesh (DBRS Inc)

Topics
Fixed Income Research
Credit Analysis Research
Credit Research
Investment Research
Issuer Focused Research

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UUID: 7947283

HALISTER1: USD/MYR Spot May Open Around 0.6% Lower, Forwards Imply

USD/MYR Spot May Open Around 0.6% Lower, Forwards Imply

(Bloomberg) -- USD/MYR 1-month NDF fell to 4.1656 overnight as oil surges to 15-month high on U.S. supply drop, and Saudi Arabia’s energy minister said that many nations are willing to join OPEC production cuts.
  • The NDF’s level compares with onshore close for USD/MYR at 4.1895.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Central 1 Credit Union - DBRS Rating Report

Central 1 Credit Union - DBRS Rating Report

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

Tickers
1568Z CN (Central 1 Credit Union)

People
Maria-Gabriella Khoury (DBRS Inc)
Sohail Ahmer (DBRS Inc)

Topics
Fixed Income Research
Credit Analysis Research
Credit Research
Investment Research
Issuer Focused Research

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UUID: 7947283

HALISTER1: Fibra Inn Sold MXN1b of Floating-Rate Local Bonds Due in 5 Years

Fibra Inn Sold MXN1b of Floating-Rate Local Bonds Due in 5 Years

(Bloomberg) -- Issuance is 2nd under program.
  • Proceeds to be used to pay 350m pesos of bank debt and extend its term at lower cost
  • Also to invest in current and new hotels
  • Link to Statement:Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
FINN13 MM (Asesor de Activos Prisma SAPI de CV)

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UUID: 7947283