HALISTER1: INDIA RATINGS: IFCI Cut; Mid India Creations Raised

INDIA RATINGS: IFCI Cut; Mid India Creations Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • IFCI
    • Long-term bonds cut to A from A+ at ICRA
    • Cites deterioration in asset quality
UPGRADE
  • Mid India Creations
    • LT fund-based term loan raised to BB- from B+ at ICRA
    • Cites change in terms of company’s agreement with the property’s operator
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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IFCI IN (IFCI Ltd)

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