HALISTER1: INDIA RATINGS: Agri Till Cut; Sipani Fibres, Kataria Raised

INDIA RATINGS: Agri Till Cut; Sipani Fibres, Kataria 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
DOWNGRADES
  • Agri Till India
    • Long term rating cut to B from B+ at Crisil
    • Cites significant deterioration in the firm’s financial risk profile due to weakening capital structure
  • Modern Overseas
    • LT rating cut to D from BB at Crisil
    • Cites overdrawing cash credit and company being declared a non-performing asset by Bank of Baroda
UPGRADES
  • Sipani Fibres
    • LT rating raised to BB+ from BB at ICRA
    • Cites improvement in company’s margin and its stable and comfortablel financial profile
  • Kataria Movers
    • LT rating raised to BB+ from BB at Crisil
    • Cites improvement in business risk profile of company
  • Unison Forging
    • LT bank facilities raised to BB from BB- at Care
    • Cites improvement in scale of operations of company and its moderate capital structure
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BOB IN (Bank of Baroda)
6596700Z IN (Adani Wilmar Ltd)
214046Z IN (Aditya Birla Group)
4088148Z MP (Aquarelle International Ltd)
3500069Z IN (Concord Enviro Systems Pvt Ltd)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: DBRS: Limits of the BoJ's Price Targeting Policy Framework

DBRS: Limits of the BoJ's Price Targeting Policy Framework

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

Tickers
1319293D JP (Japan)

People
Fergus McCormick (DBRS Inc)
Jason Graffam (DBRS Inc)

Topics
Fixed Income Research
Prov., Reg. Credit Research
Credit Analysis Research
Credit Research
Investment Research

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: Foreigners’ Japan Bond Selloff May Be Due to Redemptions: BofAML

Foreigners’ Japan Bond Selloff May Be Due to Redemptions: BofAML

(Bloomberg) -- Japanese govt bond redemptions on Sept. 20 played a major role in overseas investors’ net selling last week, says Shuichi Ohsaki, chief Japan rate strategist at Bank of America Merrill Lynch, in an interview.
  • Says doesn’t think foreigners’ investment stance toward JGBs greatly changed after BOJ’s latest policy decision
  • NOTE: Overseas investors sold net 2.8t yen ($27.8b) of Japanese bonds in week ended Sept. 23, most since at least start of 2014, according to finance ministry data today
  • JGBs totaling 16.8t yen ($166b) matured on Sept. 20, according to finance ministry data
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Shuichi Ohsaki (Merrill Lynch Japan Securities Co Ltd)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Korean Court Rejects Arrest-Warrant Request for Lotte Chief (1)

Korean Court Rejects Arrest-Warrant Request for Lotte Chief (1)

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
LOTZ KS (Lotte Group)

People
Shin Dong-Bin (Lotte Confectionery Co Ltd)
Chey Jae-Won (SK Holdings Co Ltd/Old)
Chey Jong-Hyon (SK Group)
Chey Tae-Won (SK Hynix Inc)
Park Geun-Hye (Republic of Korea)

Topics
Who's News - People

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283