HALISTER1: INDIA RATINGS: Jindal Steel Cut to D; Tanna Agro Raised

INDIA RATINGS: Jindal Steel Cut to D; Tanna Agro Raised

(Bloomberg) -- A roundup of debt rating changes of Indian cos. To get this story sent to your inbox in real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery. DOWNGRADES:
  • Aroma Realties
    • Long-term loan facilities cut to D from B+ at Crisil
    • Cites instances of delay in servicing debt due to weak liquidity
  • Bhagyalaxmi Brine Chem
    • LT loan facilities cut to D from B at Crisil
    • Cites instances of delay in servicing term debt
  • Divya Agro Roller
    • LT bank facilities cut to D from B+ at Care Ratings
    • Cites delay in commencement of commercial operations
  • Galaxy Construction
    • LT bank facilities cut to D from BB at Care Ratings
    • Cites irregularities in interest payments and overdrawals in cash credit account
  • Ind-Barath Energy (Utkal)
    • LT bank facilities cut to D from BB+ at Care Ratings
    • Cites delays in servicing debt obligations
  • Jaypee Healthcare
    • LT bank facilities cut to BB from BBB- at Care Ratings
    • Cites increase in debt levels, cost overrun on the recently commissioned hospital
  • Jindal Steel
    • LT loan facilities cut to D from BB+ at Crisil; NCDs also cut to D from BB+
    • Cites delays in payment of interest on term loans
  • Shree Krishna Buildcon
    • LT loan facilities cut to D from B at Crisil
    • Cites delays in servicing interest obligations for term loan
UPGRADES:
  • Calcutta Springs
    • LT loan facilities revised to BB from BB- at Crisil
    • Cites continued improvement in group’s financial risk profile
  • Tanna Agro Impex
    • Fund based limits revised to BBB from BBB- at ICRA
    • Cites improvement in profitability margins, debt coverage indicators
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
JSP IN (Jindal Steel & Power Ltd)
IBPL IN (Ind-Barath Power Infra Ltd)
JPIN IN (Jaypee Infratech Ltd)
0348529D IN (Tanna Agro Impex Pvt Ltd)

To de-activate this alert, click here

UUID: 7947283

HALISTER1: Reuters U.S. News: State prosecutors charge Brazil's Lula in money laundering probe reut.rs/1R8xrOa pic.twitter.com/HjGN1C3hKe

Reuters U.S. News: State prosecutors charge Brazil's Lula in money laundering probe reut.rs/1R8xrOa pic.twitter.com/HjGN1C3hKe

Alert: HALISTER1
Source: TWT (Twitter)

Topics
Tweets from Major Media
Twitter Verified Handles

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

UUID: 7947283

HALISTER: John Gutfreund, Salomon’s Leader in 1980s, Dies at 86 (2)

John Gutfreund, Salomon’s Leader in 1980s, Dies at 86 (2)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
C US (Citigroup Inc)

People
John Gutfreund (Gutfreund & Co Inc)
William Salomon (Citigroup Inc)
David Tendler (Tendler Beretz LLC)
John Meriwether (JWM Partners LLC)
Lewis Ranieri (Ranieri & Co Inc)

Topics
Obituaries
Who's News - People

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

UUID: 7947283

HALISTER1: INSIDE ASIA: Won Up; Bank of Korea Holds Rate in Split Decision

INSIDE ASIA: Won Up; Bank of Korea Holds Rate in Split Decision

(Bloomberg) -- South Korea’s won rises and sovereign bonds decline; central bank holds benchmark rate in a decision that wasn’t unanimous; rate is accommodative enough: Governor Lee; uncertainties to growth path are high: BOK; North Korea fires two short-range ballistic missiles: South Korea; North Korea says all agreements with South nullified.
  • China sets yuan reference rate lower for a second day; consumer prices rose 2.3% from year earlier in February, fastest pace since July 2014; median estimate was for 1.8% increase; PPI slid 4.9%, matching median estimate; deficit will help boost economic restructuring, Xinhua cites researcher with Councilor’s Office of State Council
  • Kiwi falls for fourth day against dollar; Reserve Bank of New Zealand cuts official cash rate by 25 bps in move not forecast by majority of economists in Bloomberg survey; RBNZ says further easing may be required as inflation taking longer to reach target range
  • Yen falls for second day against dollar; Japan’s PPI dropped 3.4% from year earlier in February, matching median estimate; Japanese bought net 1.5t yen ($13.2b) of overseas debt last week; Abe adviser Honda doesn’t see BOJ easing next week; BOJ would prefer asset purchases if it opts for stimulus: Reuters
  • U.S. Treasuries fall, with yield on 10-year bonds up 1 bp to 1.890% in Asian trading; data today will show U.S. initial jobless claims for week ended March 5 were 275,000 after 278,000 in prior week: Bloomberg survey
  • Peso gains for second day; Philippine exports fell 3.9% from year earlier in January, most in three months; median estimate was for 0.4% increase; Public-Private Partnership Center drafting circular that will govern new rules on PPP contracts
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1206Z KS (Bank of Korea/The)

To de-activate this alert, click here

UUID: 7947283

HALISTER: Cathay Pacific Tries Newest Airbus Wide-Bodies to Save Fuel (2)

Cathay Pacific Tries Newest Airbus Wide-Bodies to Save Fuel (2)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
293 HK (Cathay Pacific Airways Ltd)
AIR FP (Airbus Group SE)

People
Chu Kwok (Cathay Pacific Catering Services HK Ltd)
Geoffrey Cheng (BOCOM International Holdings Co Ltd)
John Slosar (Swire Pacific Ltd)
Mohshin Aziz (Maybank Kim Eng Securities Pte Ltd)
Will Horton (Cantor Fitzgerald LP)

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

UUID: 7947283