Halister News

(Bloomberg) -- Bund futures (RX1) technical levels in focus.

• Daily Trend Bias: Bullish
• Comment: Bulls make significant headway after a conclusive break above the 164.64 resistance; attention falls on June peaks at 165.44-55
  • Resistance: 164.89; 164.99; 165.11; 165.34; 165.44-55
  • Support: 164.67-57 (strong); 164.47-44; 164.22-19 (13-EMA); 164.00
• NOTE: Roll-adjusted by difference in GFUT
• NOTE: Sejul Gokal is a FICC technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

To contact the reporter on this story: Sejul Gokal in London at sgokal1@bloomberg.net To contact the editors responsible for this story: Ven Ram at vram1@bloomberg.net Keith Jenkins

(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

• Avon Tubetech
  • Long-term bank facilities cut to D from BB+ at Crisil
  • Cites delays in servicing debt obligations
• Eastern Gases
  • Cash credit cut to D from BBB- at ICRA
  • Cites delays in debt servicing on banking obligations
• Sai Shipping
  • LT bank facilities cut to B+ from BB at Crisil
  • Cites muted profitability
• Vishal Cars
  • LT bank facilities cut to B- from B at Crisil
  • Cites lower than expected net cash accrual

UPGRADES

• Empowertrans
  • LT bank facilities raised to BB from BB- at Crisil
  • Cites sustained improvement in financial risk profile
• LH Sugar Factories
  • Term loans raised to A- from BBB+ at ICRA
  • Cites significant improvement in operational, financial performance
• Nova Agri Tech
  • LT bank facilities raised to BB- from B+ at Crisil
  • Cites healthy growth in revenues
• Powerlinks Transmission
  • LT bank facilities, NCDs raised to AAA from AA+ at Crisil
  • Expects liquidity to remain strong over the medium term due to absence of extra-ordinary dividends and large capex