HALISTER1: INDIA RATINGS: Kalyani Motors Cut; Munjal Kiriu Raised

INDIA RATINGS: Kalyani Motors Cut; Munjal Kiriu Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Accutest Research
    • Long-term loans cut to BB from BBB- at ICRA
    • Cites weak liquidity position
  • Kalyani Motors
    • Fund-based facilities cut to BBB- from BBB at ICRA
    • Cites decline in operating, net margins
  • Safeflex International
    • Cash credit cut to BBB- from BBB at ICRA
    • Cites lower-than-expected capacity utilization, declining operating margin
UPGRADES
  • Mahavir Ship Breakers
    • Fund-based limits raised to C from D at ICRA
    • Cites improvement in liquidity position, resulting in regularization of debt servicing obligations
  • Munjal Kiriu Industries
    • Term loan raised to A from A- at ICRA
    • Cites consistent improvement in operating performance

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
4613553Z IN (Accutest Research Laboratories India Pvt Ltd)
0989930D IN (Safeflex International Ltd)
8053 JP (Sumitomo Corp)

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UUID: 7947283

HALISTER: Toshiba Said to See Long Odds for Hon Hai’s $27 Billion Chip Bid

Toshiba Said to See Long Odds for Hon Hai’s $27 Billion Chip Bid

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
2317 TT (Hon Hai Precision Industry Co Ltd)
6502 JP (Toshiba Corp)
AVGO US (Broadcom Ltd)

People
Gou Tai-Ming (Hon Hai Precision Industry Co Ltd)
Hiroshige Seko (Japan)
Kaori Hiraki (Toshiba Corp)
Yoshihide Suga (Japan)
Yoshimitsu Kobayashi (Mitsubishi Chemical Holdings Corp)

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UUID: 7947283

HALISTER: Activist John Paulson Set to Leave AIG Board: FT

Activist John Paulson Set to Leave AIG Board: FT

(Bloomberg) -- John Paulson’s departure being finalized this week and may be announced in shareholder proxy statement in next few days, FT reports, without attribution.
  • NOTE: Paulson Said as Little as Possible When His Fund Sold AIG Stock

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
AIG US (American International Group Inc)
573991Z US (Paulson & Co Inc)

People
John Paulson (Paulson & Co Inc)

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UUID: 7947283