INDIA RATINGS: Man Industries Cut; BFCL Terminal, JSK Raised
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
- C.L.Gulhati and Sons
- Long-term bank facilities cut to D from C at Crisil
- Cites delay in meeting interest payments
- Man Industries
- LT bank facilities cut to BBB from BBB+ at Crisil
- Cites slower-than-expected monetization of its residential real estate project
UPGRADES
- BFCL Terminal
- LT bank facilities raised to BBB- from BB+ at Crisil
- Cites commencement of operations
- JSK Industries
- Cash credit raised to A from A- at ICRA
- Cites increase in cash accruals
Alert:
HALISTER1Source: BFW (Bloomberg First Word)
Tickers MAN IN (Man Industries India Ltd)
0822269D IN (JSK Industries Pvt Ltd)
Topics Emerging Mkts News, Analysis
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