HALISTER1: INDIA RATINGS: Sai Krishna Cut; Rukmini Educational Raised

INDIA RATINGS: Sai Krishna Cut; Rukmini Educational 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
  • Sai Krishna Developers
    • Long-term rating cut to D from BB- at ICRA
    • Cites delays in servicing debt obligations from January
UPGRADES
  • Rukmini Educational Charitable Trust
    • Long-term rating raised to BB from B+ at ICRA
    • Cites growth in company’s revenues over the past years

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1117Z IN (Haldia Petrochemicals Ltd)
0526713D IN (Kejriwal Industries Ltd)

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UUID: 7947283

HALISTER: Ford Plans to Cut About 10% of Global Workforce, WSJ Reports (1)

Ford Plans to Cut About 10% of Global Workforce, WSJ Reports (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
F US (Ford Motor Co)
GM US (General Motors Co)

People
Mark Fields (Ford Motor Co)
William Ford (Ford Motor Co)
Alan Mulally (Ford Motor Co)
Donald Trump (United States of America)

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UUID: 7947283

HALISTER: Ford Said to Plan to Cut About 10% of Global Staff: WSJ

Ford Said to Plan to Cut About 10% of Global Staff: WSJ

(Bloomberg) -- Job cuts expected to be outlined as early as this week, WSJ reports, citing unidentified people briefed on the plan.
  • Unclear if plan includes cuts to hourly workforce at Ford’s U.S. factories and plants abroad
  • Move comes as Ford targets $3b cost cuts in 2017
  • Ford says in statement “remain focused on the three strategic priorities that will create value and drive profitable growth": WSJ

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
F US (Ford Motor Co)

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UUID: 7947283

HALISTER1: RBA Due to Release Minutes From May Rate Meeting in 5 Minutes

RBA Due to Release Minutes From May Rate Meeting in 5 Minutes

(Bloomberg) -- The Reserve Bank of Australia is scheduled to release the minutes from its May 2 policy setting board meeting at 11:30am local time.
  • RBA left the cash rate target unchanged at 1.5% at its policy meeting earlier this month
  • It signaled faster inflation and highlighted an upswing in global growth in its post-policy meeting statement
  • See RBA statement here
To contact the reporter on this story: Patricia Lui in Singapore at plui4@bloomberg.net

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
40005Z AU (Reserve Bank of Australia)

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UUID: 7947283