HALISTER1: INDIA RATINGS: Sree Hanuman Cut; Perfect Retreads Raised

INDIA RATINGS: Sree Hanuman Cut; Perfect Retreads Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Sree Hanuman Infra
    • LT rating cut to D from B+ at Crisil
    • Cites overdrawn cash credit limit
UPGRADES
  • Perfect Retreads
    • LT rating raised to BBB from BBB- at Crisil
    • Cites expectation of improvement in co.’s business and financial risk profile
  • Triton Hotels and Resorts
    • Bank facilities raised to BBB from BBB- at ICRA
    • Cites capital infusion by shareholders
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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