Halister News

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

• SPCS 20 0.2% m/m; range -0.1% to 0.6% (19 estimates)
• SPCS 20 5.7% y/y; range 5.45% to 5.9% (20 estimates)
• "Escalating prices and rising interest rates at a time when the Fed embarks on a quantitative tightening could negatively affect the housing market”: Bloomberg Intelligence

To contact the reporters on this story: Chris Middleton in Washington at cmiddleton2@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

(Bloomberg) -- Indonesia’s front-end bonds are poised for “some correction” as the central bank is unlikely to cut rates further, says NatWest Markets economist Vaninder Singh.

• “The yield pickup isn’t strong right now, so if you are going to take profit on some of those capital gains, you should do it now before things start to change in the U.S. market”, he says in an interview Tuesday
  • BI unlikely to ease further especially as Fed will probably be hiking again
  • As liquidity tends to be a bit thin in Indonesia’s bond market, a shift in positioning of some funds to neutral from overweight could see some correction
• NOTE: Indonesia’s 2-year govt note yield drops 6bps to 5.78%, lowest since June 2013
• NOTE: BI unexpectedly cut its policy rate last Friday to 4.25%

--With assistance from Hooyeon Kim. To contact the reporters on this story: Masaki Kondo in Singapore at mkondo3@bloomberg.net; Netty Ismail in Singapore at nismail3@bloomberg.net To contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net Patricia Lui

(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

UPGRADES

• Abellon Cleanenergy
  • Term loan raised to BBB- from BB at Brickwork
  • Cites improvement in operating performance
• Dada Motors
  • Long-term bank facilities raised to B+ from B at Crisil
  • Cites efficient working capital management
• Nash Industries
  • LT bank facilities raised to A from A- at Crisil
  • Expects business-risk profile to improve with addition of new customers, healthy operating margin
• Shaily Engineering Plastics
  • LT bank facilities raised to A- from BBB+ at Care
  • Cites expansion of customer base
• Shakti Pumps
  • LT bank facilities raised to A- from BBB+ at Care
  • Cites growth in total operating income
• Shree Rama Newsprint
  • LT bank facilities raised to BB from BB- at Care
  • Cites improved operating profitability
• Welspun India
  • LT bank facilities raised to AA from AA- at Care
  • Cites steady growth in revenues

DOWNGRADES

• Kesoram Industries
  • LT bank facilities cut to A- from A at Care
  • Cites deterioration in performance of tire division
• SEC Industries
  • LT bank facilities cut to BBB- from BBB at Crisil
  • Cites lower-than-expected revenue
• Vizag Profiles
  • LT bank facilities cut to D from BB+ at Care
  • Cites decline in operating income