HALISTER1: INDIA RATINGS: ECE Industries, Pioneer Globex Cut

INDIA RATINGS: ECE Industries, Pioneer Globex Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • ECE Industries
    • Long-term rating cut to BBB from BBB+ at ICRA
    • Cites challenging operating environment for company’s transformer and elevator divisions
  • Pioneer Globex
    • Long-term rating cut to D from C+ at ICRA
    • Cites delays in debt servicing

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
EVI IN (Everest Industries Ltd)
GMRI IN (GMR Infrastructure Ltd)
KHDM IN (Khadim India Ltd)
6593636Z IN (Lloyd Insulations India Ltd)

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