INDIA RATINGS: Shapoorji, Satyadeeptha Raised; R.G. Shaw Cut
(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:
- R.G. Shaw & Sons
- LT bank facilities cut to D from BB+ at CARE
- Cites delay in debt servicing due to stressed liquidity
- Savita Oil Technologies
- LT rating cut to AA- from AA at Crisil
- Cites subdued operating performance
UPGRADES:
- Delhi Duty Free
- LT bank facilities raised to A+ from A- at CARE
- Cites improvement in operating performance, sales, capital structure
- Satyadeeptha Pharmaceuticals
- LT bank facilities raised to BBB- from BB+ at CARE
- Cites growth in operating income and cash accruals
- Shapoorji Pallonji Forbes
- LT bank facilities raised to AA (SO) from A (SO) at CARE
- Cites credit enhancement in the form of guarantee from parent
Alert:
HALISTER1Source: BFW (Bloomberg First Word)
Tickers HID IN (Hind Industries Ltd)
0662639D IN (IND-Barath Power Gencom Ltd)
MSLI IN (Mount Shivalik Industries)
0991032D IN (Oswal Extrusion Ltd)
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