HALISTER1: INDIA RATINGS: IDBI Cut; Bhopal Dhule, Tagros Chemicals Raised

INDIA RATINGS: IDBI Cut; Bhopal Dhule, Tagros Chemicals Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • IDBI Bank
    • Basel III Tier 2, infra bonds cut to AA- from AA at Crisil; Tier 1 notes reduced to A- from A
    • Cites sharper-than-expected deterioration in asset quality, profitability
UPGRADES
  • Bhopal Dhule Transmission
    • Long-term bank loan facilities raised to AA- from A- at Crisil
    • Cites stable revenue profile, healthy debt coverage indicators
  • Tagros Chemicals
    • Term loans raised to A- from BBB+ at ICRA
    • Cites continued revenue growth
  • Yellowstone Nirmiti
    • Term loan raised to BB- from B+ at ICRA
    • Cites healthy demand outlook for affordable housing segment

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
IDBI IN (IDBI Bank Ltd)
SOTL IN (Sterlite Technologies Ltd)
6595028Z IN (Tagros Chemicals India Ltd)

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UUID: 7947283

HALISTER1: Deutsche, SocGen, Peers Contend With Sanctions, Bribery Probes

Deutsche, SocGen, Peers Contend With Sanctions, Bribery Probes

Alert: HALISTER1
Source: BI (Bloomberg Intelligence)

Tickers
BARC LN (Barclays PLC)
C US (Citigroup Inc)
DBK GR (Deutsche Bank AG)
GS US (Goldman Sachs Group Inc/The)
HSBA LN (HSBC Holdings PLC)

Topics
BI Analysis

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UUID: 7947283

HALISTER1: China’s One-Year Government Bonds Are Set for Worst Week of 2017

China’s One-Year Government Bonds Are Set for Worst Week of 2017

Alert: HALISTER1
Source: BN (Bloomberg News)

Tickers
BBVA SM (Banco Bilbao Vizcaya Argentaria SA)
600030 CH (CITIC Securities Co Ltd)

People
Julia Ho (Schroders PLC)
Le Xia (Banco Bilbao Vizcaya Argentaria SA)

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UUID: 7947283