HALISTER1: INDIA RATINGS: Central Bank of India Cut; Arihant Spintex Raised

INDIA RATINGS: Central Bank of India Cut; Arihant Spintex Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Central Bank of India
    • Lower Tier 2 bonds cut to A+ from AA-, upper Tier 2 notes to A from A+ at ICRA
    • Cites weakness in operating and financial performance of lender, asset quality and solvency profile
UPGRADES
  • Arihant Spintex
    • Long-term rating raised to BB from BB- at ICRA
    • Cites “profitable ramp up in company’s operations and moderate financial profile

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
CBOI IN (Central Bank of India)
6590804Z IN (Uttar Gujarat Vij Co Ltd)

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UUID: 7947283

HALISTER1: Beijing Requires Home Buyers to Use Own Bank Accounts

Beijing Requires Home Buyers to Use Own Bank Accounts

(Bloomberg) -- Beijing will require both buyers and sellers to use their own bank accounts in home purchase transactions to prevent money laundering and other crimes, according to rules posted on PBOC Beijing website late Thursday.
  • Rules recommend bank transfers as method of payment
  • Banks should file anti-money laundering report for cash transactions with daily amount over 50,000 yuan, according to the rules effective on May 1

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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HALISTER1: Straits Times: Malaysia and Abu Dhabi to settle dispute over 1MDB debt

Straits Times: Malaysia and Abu Dhabi to settle dispute over 1MDB debt

Alert: HALISTER1
Source: BES (Bloomberg Editorially Selected)

Tickers
338249Z UH (Mubadala Development Co PJSC)
0206021D MK (1Malaysia Development Bhd)
185587Z UH (International Petroleum Investment Co)

People
Arul Kandasamy (1Malaysia Development Bhd)
Johari Bin Abdul Ghani (Federation of Malaysia)
Khaldoon Al Mubarak (Mubadala Development Co PJSC)

Topics
Conflict Resolutions

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UUID: 7947283