HALISTER1: INDIA RATINGS: Haldia Petrochemicals, PRG Buildcon Raised

INDIA RATINGS: Haldia Petrochemicals, PRG Buildcon Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Haldia Petrochemicals
    • Term loans raised to A+ from A- at ICRA
    • Cites high tolling margins, near full capacity utilization of the plant leading to healthy cash accruals
  • Kejriwal Industries
    • Long-term bank facilities raised to A- from BBB+ at Crisil
    • Cites steady revenue growth, sharp increase in profitability
  • Omar International
    • LT bank facilities raised to BB from BB- at Crisil
    • Cites improvement in revenue
  • PRG Buildcon
    • LT bank facilities raised to BB- from B+ at Crisil
    • Cites sustained increase in scale of operations
  • Shree Malani Foams
    • LT bank facilities raised to BBB from BBB- at Crisil
    • Cites increase in scale of operations, operating profitability margins

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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

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UUID: 7947283

HALISTER1: EU Passports for Sale in Sunny Cyprus Lure Rich Russians’ Cash

EU Passports for Sale in Sunny Cyprus Lure Rich Russians’ Cash

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
BOCH LN (Bank of Cyprus Holdings PLC)

People
Donald Trump (United States of America)
Harris Georgiades (Republic of Cyprus)
Jared Kushner (United States Office of the President)
John Hourican (Bank of Cyprus Pcl)
Oleg Deripaska (United Co RUSAL PLC)

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UUID: 7947283

HALISTER: Verizon Said to Buy Straight Path for $3.1b in Stock: WSJ

Verizon Said to Buy Straight Path for $3.1b in Stock: WSJ

(Bloomberg) -- Verizon agreed on Monday to pay $3.1b in stock for Straight Path, an offer that AT&T has declined to match, WSJ reports, citing unidentified people familiar.
  • Deal could be announced as soon as Thursday
  • NOTE: May 8, AT&T Must Now Match $3.1 Billion in Bid for Straight Path

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
VZ US (Verizon Communications Inc)
STRP US (Straight Path Communications Inc)
T US (AT&T Inc)

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UUID: 7947283