HALISTER1: Buy Sri Lankan 10-Year Bonds as Inflation Peaks: StanChart

Buy Sri Lankan 10-Year Bonds as Inflation Peaks: StanChart

(Bloomberg) -- Current valuations for Sri Lankan rupee-Treasury bonds are attractive and offer favorable risk-reward, Standard Chartered analysts led by Nagaraj Kulkarni write in note
  • Govt is making progress in line with IMF recommendations, albeit at a slower pace
    • Private-sector credit growth is declining and inflation is likely to have peaked
    • As a result, expects domestic investor demand for T- bonds to pick up
    • Recommends buying 10-year Treasury bonds at a yield of 11.85% with a target of 10.50% and stop-loss at 12.70%

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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Nagaraj Kulkarni (Standard Chartered PLC)

Topics
Emerging Mkts News, Analysis

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HALISTER1: INDIA RATINGS: Indian Gem Cut; Goan Fresh Marine Raised

INDIA RATINGS: Indian Gem Cut; Goan Fresh Marine 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
  • Indian Gem
    • Cash credit cut to BB+ from BBB- at ICRA
    • Cites sharp decline in topline
  • Soham Phalguni Renewable Energy
    • Term loan cut to D from B at ICRA
    • Cites delays in debt servicing due to lower-than- expected generations in hydro power project
UPGRADE
  • Goan Fresh Marine
    • Term loan raised to BB+ from BB at ICRA
    • Cites healthy growth in revenues

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283