INDIA RATINGS: Archies Cut; Mahindra Agri, Updater 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
DOWNGRADE
- Archies
- Fund-based limits cut to BBB from BBB+ at ICRA
- Cites deterioration in operating performance
UPGRADES
- Mahindra Agri Solutions
- Long-term fund based limits raised to A+ from A- at ICRA
- Cites consolidation of various agri businesses
- Updater Services
- Fund based limits raised to A+ from A at ICRA
- Cites consistent performance of the company over the past fiscal year
Alert:
HALISTER1Source: BFW (Bloomberg First Word)
Tickers AGG IN (Archies Ltd)
MM IN (Mahindra & Mahindra Ltd)
9155451Z IN (Updater Services Pvt Ltd)
To de-activate this alert, click
hereTo modify this alert, click
hereUUID: 7947283