HALISTER1: Crowdfunding Conundrum as Security Policy May Stymie Growth

Crowdfunding Conundrum as Security Policy May Stymie Growth

Alert: HALISTER1
Source: BI (Bloomberg Intelligence)

Tickers
0904552D LN (Brewdog PLC)
9866915Z LN (Crowdcube Ltd)
1339039D SS (FundedByMe Crowdfunding Sweden AB)
0697696D IT (OurCrowd Ltd)
1465825D NA (Symbid Holding BV)

Topics
BI Analysis
Legal Expert Analysis

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UUID: 7947283

HALISTER1: INDIA RATINGS: Tata Power Cut; Bajaj Finance Raised to AAA

INDIA RATINGS: Tata Power Cut; Bajaj Finance Raised to AAA

(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
  • Tata Power
    • NCDs cut to AA- from AA at ICRA
    • Cites dis-allowance of any relief to Mundra UMPP; absence of any compensatory tariff for Mundra UMPP places significant burden on Tata Power to continue supporting the project’s financial obligations
  • Tata Power Renewable Energy
    • NCDs cut to AA-(SO) from AA(SO) at ICRA
    • Cites revision in long-term rating of guarantor Tata Power
UPGRADES
  • Bajaj Finance
    • NCDs raised to AAA from AA+ at ICRA
    • Cites growing profitably through product diversification, geographical expansion
  • Saluja Steel
    • LT bank facilities raised to BBB- from BB at Crisil
    • Expects company to sustain its improved business risk profile over the medium term
  • Shree Balaji Ethnicity Retail
    • LT bank facilities raised to BB- from B+ at Crisil
    • Expects liquidity to further improve due to increasing cash accruals and steady working capital cycle
  • Triveni Ship Breakers
    • LT bank facilities raised to BB- from B+ at Crisil
    • Cites upsurge in ship-breaking activity

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BAF IN (Bajaj Finance Ltd)
TPWR IN (Tata Power Co Ltd/The)

Topics
Emerging Mkts News, Analysis

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UUID: 7947283

HALISTER1: Australia April Trade Balance Data Due in 5 Mins; Est. A$2b

Australia April Trade Balance Data Due in 5 Mins; Est. A$2b

(Bloomberg) -- Australia is scheduled to release April trade balance data at 11:30am local time
  • April trade balance est. A$ 2b vs prev. A$ 3.1b
To contact the reporter on this story: Patricia Lui in Singapore at plui4@bloomberg.net

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283