Halister News

(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

• Asian Hotels (North)
  • Long-term bank facilities raised to BBB- from BB at Care
  • Cites improved operational performance
• JK Cement
  • LT bank facilities, NCDs raised to AA from AA- at Care
  • Cites improvement in financial performance
• JK Cement Works
  • LT bank facilities raised to AA(SO) from AA-(SO) at Care
  • Cites revision in rating of corporate guarantor JK Cement

• Laxmi Organic
  • LT bank facilities raised to A- from BBB+ at Crisil
  • Expects improvement in operating performance to sustain over medium term
• Nithin Textiles
  • LT bank facilities raised to BBB+ from BBB- at Crisil
  • Cites healthy growth in revenues
• Sangrur Agro
  • LT bank facilities raised to BBB from BBB- at Crisil
  • Cites sustained improvement in business, financial risk profiles over medium term
• Sri Saravana Spinning Mills
  • LT bank facilities raised to A- from BBB+ at Crisil
  • Cites healthy growth in revenues

DOWNGRADE

• MGM Realtors
  • NCDs maturing Jan. 2019 and Feb. 2020 cut to D from B at Brickwork
  • Cites weak liquidity position impacting company’s ability to timely service debt obligation

(Bloomberg) -- The Hang Seng Index fell 0.8% Friday morning and the Hang Seng China Enterprises Index tumbled 1.2%.

• Developers led declines on the HSI, with Sun Hung Kai Properties Co. falling the most -- down 2.2% -- after Nomura downgraded co. to neutral, saying positives already largely reflected in recent outperformance
• The HSI is heading for 3-day decline of 1.3%, which would be biggest such drop since Aug. 9-11; index has posted eight straight months of gains
• HSCEI in line for 3-day loss of 2.2%, biggest since Aug. 9-11 also
• Anhui Conch Cement Co. is main loser, falling 3.6% after recent rally on strong cement-price outlook; was one of the top gainers on index Thursday
• BYD Co. also lower, down 2% after 4% loss Thursday; climbed more than 20% Monday-Wednesday on Chinese plan to phase out fossil-fuel powered vehicles

To contact the reporter on this story: Will Davies in Hong Kong at wdavies13@bloomberg.net To contact the editors responsible for this story: Robin Ganguly at rganguly1@bloomberg.net Will Davies

See {NSN OWAL85AIH8NB } for the Government Web Content - Latin America press release.

(Bloomberg) -- With a daily supply of up to 12,000 contracts, excluding the last business day of the month, the Central Bank should roll over about $6b and let approximately $4b expire from total contracts maturing on October 2, according to data compiled by Bloomberg.

• Central Bank decision is correct; it is positive to take advantage of moments of calm to gradually reduce the stock of swaps, even at a comfortable level, said Mauricio Oreng, strategist at Rabobank
• At the same time, BC was careful not to damage market conditions, said the analyst
• NOTE: Brazil to Roll Over Up to 12,000 FX Swaps Sept. 15

Original Story: BC sinaliza rolagem parcial dos contratos de swap de outubro To contact the translator on this story: Taís Fuoco in Sao Paulo at tfuoco1@bloomberg.net Reporter on the original story: Vinícius Andrade in São Paulo at vandrade3@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Ney Hayashi