HALISTER1: *CBRC SAID TO ASK BANKS TO DETAIL LOAN EXPOSURE TO 5 GROUPS

*CBRC SAID TO ASK BANKS TO DETAIL LOAN EXPOSURE TO 5 GROUPS

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
1083236D CH (Anbang Insurance Group Co Ltd)
CBRZ CH (China Banking Regulatory Commission)
1229323D CH (Dalian Hexing Investment Co Ltd)
656 HK (Fosun International Ltd)
HNJGHZ CH (Hainan Traffic Administration Holding Co Ltd)

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UUID: 7947283

HALISTER1: INDIA RATINGS: GVR Ajmer Cut to D; Dilip Buildcon Raised

INDIA RATINGS: GVR Ajmer Cut to D; Dilip Buildcon 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
DOWNGRADES
  • GVR Ajmer Nagaur Tollway
    • Bank loan cut to D from BB at India Ratings
    • Cites account being classified as special mention account by its lenders
  • GVR Nagaur Bikaner Tollway
    • Bank loan cut to D from BB at India Ratings
    • Cites account being classified as non- performing asset by its lenders
UPGRADES
  • Dilip Buildcon
    • Long-term bank facilities raised to A+ from A- at Care
    • Cites growth in total operating income
  • I.S.P. Infrastructures
    • LT bank facilities raised to BB from BB- at Crisil
    • Cites healthy booking progress
  • Phillips Carbon Black
    • LT bank facilities raised to A+ from A at Care
    • Cites higher capacity utilization, change in product mix and reduction in finance charges
  • Riba Textiles
    • LT loan raised to BBB- from BB+ at India Ratings
    • Expects significant top-line growth
  • Southern Tropical Foods
    • LT bank facilities raised to BB+ from BB at Crisil
    • Cites gradual increase in scale, better profitability
  • Sundaram Exports
    • LT bank facilities raised to BBB- from BB+ at Crisil
    • Cites improvement in financial-risk profile, especially in indebtedness

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
DBL IN (Dilip Buildcon Ltd)
PHCB IN (Phillips Carbon Black Ltd)
RIBA IN (Riba Textiles Ltd)

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UUID: 7947283

HALISTER: Sycamore Said in Advanced Talks to Buy Staples: Reuters

Sycamore Said in Advanced Talks to Buy Staples: Reuters

(Bloomberg) -- Sycamore Partners in advanced talks to buy Staples in deal that could top $6b; could be announced as soon as next week, Reuters reports, citing unidentified people familiar.
  • Sycamore in process of finalizing debt financing package for bid after beating Cerberus Capital in auction
  • Staples, Sycamore declined to comment; Cerberus didn’t immediately respond to a request for comment: Reuters
  • SPLS rises as much as 5.4% post-market on ~200k shares

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
SPLS US (Staples Inc)
9875574Z US (Sycamore Partners LLC)
137482Z US (Cerberus Capital Management LP)

Topics
BFW Asia Credit News
BFW Debt Capital Markets
BFW Debt Capital Markets U.S.

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UUID: 7947283

HALISTER1: Yonhap News: (LEAD) U.S., China agree companies shouldn't do business with blacklisted N.K. entities

Yonhap News: (LEAD) U.S., China agree companies shouldn't do business with blacklisted N.K. entities

Alert: HALISTER1
Source: BES (Bloomberg Editorially Selected)

People
Rex Tillerson (United States of America)
Donald Trump (United States of America)
Fang Fenghui (People's Liberation Army)
James Mattis (United States of America)
Yang Jiechi (People's Republic of China)

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UUID: 7947283