HALISTER1: INDIA RATINGS: Everest Cut; GMR Energy, Khadim Raised

INDIA RATINGS: Everest Cut; GMR Energy, Khadim 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
  • Everest Industries
    • Fund-based limits cut to A from A+ at ICRA
    • Cites sub-par performance of divisions
UPGRADES
  • GMR Energy
    • Bank guarantee raised to B from D at ICRA
    • Cites change in ownership
  • Khadim India
    • Cash credit limits raised to A- from BBB+ at ICRA
    • Cites improved financial performance due to streamlining of operations, which has led to control on costs
  • Lloyd Insulations
    • Cash credit raised to BBB+ from BBB at ICRA
    • Cites improvement in liquidity position, profitability margins

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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UUID: 7947283

HALISTER1: China Said to Issue New Draft Regulations on Bitcoin: WSJ

China Said to Issue New Draft Regulations on Bitcoin: WSJ

(Bloomberg) -- Chinese bitcoin exchanges will be subject to current banking and anti-money laundering laws, WSJ says, citing unidentified people familiar with the matter.
  • According to the draft rules, Chinese bitcoin exchanges will be required to collect information on clients’ identities and install systems to collect and report suspicious trading activities to authorities
  • Officials could still revise the guidelines, which were given to the exchanges recently, the people say
  • PBOC didn’t immediately respond to WSJ’s request for comment
  • NOTE: Feb. 2, China Bitcoin Exchanges Halt Withdrawals After PBOC Talks

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
PBCZ CH (People's Bank Of China)
0899330D CH (BTC China Co Ltd)
0962958D CH (OKCoin)

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UUID: 7947283

HALISTER1: Sheldon Silver Appeal Looks to New Definition of Corruption

Sheldon Silver Appeal Looks to New Definition of Corruption

Alert: HALISTER1
Source: NYT (New York Times)

Tickers
1004L US (United States Court of Appeals for the Second Circuit)

People
Bob McDonnell (Commonwealth of Virginia)
Dean Skelos ((NY)Senate)
Jose Cabranes (United States Foreign Intelligence Surveillance Court Of Review)
Preetinder Bharara (United States Attorney's Office For The Southern District Of New York)
Richard Wesley (United States Court of Appeals for the Second Circuit)

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UUID: 7947283

HALISTER1: Rating Public Universities - Business and Financial Risk Assessments

Rating Public Universities - Business and Financial Risk Assessments

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

Tickers
3717Z CN (Brock University)
340973Z US (Concordia University/Canada)
523812Z CN (McMaster University)
85025MF US (Ottawa University)
2751172Z CN (Queen's University)

People
Brenda Lum (DBRS Ltd)

Topics
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research
Prov., Reg. Credit Research

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UUID: 7947283