HALISTER1: INDIA RATINGS: IDBI Bank Cut; JMC Constructions Raised

INDIA RATINGS: IDBI Bank Cut; JMC Constructions Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • IDBI Bank
    • Infrastructure bonds cut to AA- from AA at ICRA
    • Cites substantially weak operating, financial performance
UPGRADE
  • JMC Constructions
    • Fund-based limits raised to BB- from B+ at ICRA
    • Cites strong pending order book
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
IDBI IN (IDBI Bank Ltd)

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