HALISTER1: INDIA RATINGS: Panache Exports Cut; Ferro Alloys Raised

INDIA RATINGS: Panache Exports Cut; Ferro Alloys Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Panache Exports
    • Long-term fund-based limits cut to B+ from BB- at ICRA
    • Cites low profitability, leveraged capital structure and weak coverage indicators
UPGRADE
  • Ferro Alloys
    • Working capital raised to C from D at ICRA
    • Cites regularization of debt servicing
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
FAC IN (Ferro Alloys Corp Ltd)
0288967D IN (Panache Exports Pvt Ltd)

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HALISTER1: Australia January Employment Change Due in 5 Mins; Est. 10K

Australia January Employment Change Due in 5 Mins; Est. 10K

(Bloomberg) -- Australia is scheduled to release January jobs data at 11:30am local time.
  • January employment change est. 10K vs prev. 13.5K
  • January unemployment rate est. 5.8% vs prev. 5.8%
  • January participation rate est. 64.7% vs prev. 64.7%
  • January full time employment change, no est., prev. 9.3K
  • January part time employment change, no est., prev. 4.2K
  • NOTE: Aussie to Rally On If Green Shoots Found in Jobs Data: Analysis
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283