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

DOWNGRADES

• Apollo Microsystems
  • Long-term bank facilities cut to BB+ from BBB- at Crisil
  • Cites deterioration in financial risk profile, particularly liquidity
• IFCI Venture Capital
  • LT NCDs cut to BBB from BBB+ at Care
  • Cites weakening in asset quality parameters
• Indo Rama
  • LT bank facilities cut to D from BB at Care
  • Cites delay in repayment of debt obligations
• Mehsana Dairy
  • LT bank facilities cut to B from B+ at Crisil
  • Cites delayed commencement of commercial operations
• Panyam Cements
  • LT bank facilities, NCDs cut to D from BB- at Care
  • Cites cash flow mismatches have resulted in delays in interest servicing on NCDs

UPGRADES

• Ananya Finance
  • LT bank facilities raised to BB+ from BB at Care
  • Cites healthy growth in loan portfolio
• Anvil Cables
  • LT bank facilities raised to BBB from BBB- at Care
  • Cites improvement in financial performance, debt protection metrics
• Bangalore International Airport
  • Rupee term loan raised to AA+ from AA- at India Ratings
  • Cites new sponsor’s commitment toward the project, steadily increasing passenger numbers and expected optimization of capex costs
• Vaibhav Global
  • LT bank facilities raised to A- from BBB+ at Care
  • Cites improvement in scale of operations, profitability margins

Economic Release Details: {AUNAGDPC Index ECOD} --CHRIS BOURKE

Europol urges action after record number of money laundering tip-offs reut.rs/2gE6pPN pic.twitter.com/TxENt2oZyB
Reuters UK @ReutersUK
Sent With: trueAnthem
Original tweet on Twitter.com found here.

Twitter profile information as of September 5, 2017 Description: Reuters UK editors. From pigeons to multimedia, Reuters has been delivering the news since 1851. Tweets: 80,463  Following: 483  Followers: 89,900  Tweeting Since: 10/29/2008  Twitter Verified

(Bloomberg) -- Economic and Financial Crimes Commission secured 137 court convictions of individuals accused of corruption between Jan. and Aug., agency spokesman Wilson Uwujaren says in emailed statement.

• “The potentials for improvement are good as more cases are brought to conclusion in the remaining four months of the year”
• EFCC seized properties, recovered stolen wealth from people including a former Nigerian petroleum minister and oil marketers
• NOTE: Aug. 10, Nigerian Graft Agency Traces $615 Million to Ex-Oil Minister (1)

To contact the reporter on this story: Elisha Bala-Gbogbo in Abuja at ebalagbogbo@bloomberg.net To contact the editors responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net Sophie Mongalvy

--Washington Newsroom (202) 624-1820

--ELIZABETH STANTON

--Washington Newsroom (202) 624-1820