HALISTER1: INDIA RATINGS: Salora International Cut; Nitin Spinners Raised

INDIA RATINGS: Salora International Cut; Nitin Spinners Raised

(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
DOWNGRADE
  • Salora International
    • Long-term bank facilities cut to BB+ from BBB- at Care
    • Cites deterioration in operating margins
UPGRADE
  • Nitin Spinners
    • Fund-based facility raised to A from A- at Brickwork
    • Cites higher revenue

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
NSPL IN (Nitin Spinners Ltd)
SLI IN (Salora International Ltd)

Topics
First Word Credit Asia

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UUID: 7947283

HALISTER1: ANZ Not Under Anti-Money Laundering Probe; Complies W/ Rules

ANZ Not Under Anti-Money Laundering Probe; Complies W/ Rules

(Bloomberg) -- ANZ has systems in place to ensure it complies with anti-money laundering obligations including processes to monitor and report suspicious activity, bank says in filing. 
  • Co. subject to continuous supervision from AUSTRAC and have no outstanding requirements: ANZ
  • ANZ is not aware of any regulatory investigations into ANZ’s AML compliance in Australia or overseas
  • AUSTRAC reviewed ANZ’s ATMs and Intelligent Deposit Machines in late 2015 and advised ANZ in February 2017 that it found no evidence of non-compliance; bank also completed a risk assessment prior to the introduction of Smart ATMs in 2013 which saw deposits limited to A$5,000
To contact the reporter on this story: Soraya Permatasari in Melbourne at soraya@bloomberg.net

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
ANZ AU (Australia & New Zealand Banking Group Ltd)

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UUID: 7947283