HALISTER1: INDIA RATINGS: Hallmark Cut; Sripathy Assoceates Raised

INDIA RATINGS: Hallmark Cut; Sripathy Assoceates 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
DOWNGRADES
  • Hallmark Automotive
    • Long-term rating cut to BBB- from BBB at Crisil
    • Cites expectation business-risk profile of company may deteriorate
UPGRADES
  • Pinkcity Buildhome
    • LT rating raised to BB- from B+ at ICRA
    • Cites 16% y/y growth in operating income
  • Sripathy Assoceates
    • LT rating raised to BB- from B+ at Crisil
    • Cites sustained improvement in financial-risk profile because of comfortable capital structure
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Reckitt Benckiser in Talks to Buy Mead Johnson for $90/Shr Cash

Reckitt Benckiser in Talks to Buy Mead Johnson for $90/Shr Cash

(Bloomberg) -- Reckitt Benckiser says offer values Mead Johnson at about $16.7b.
  • Sees financing deal with cash, debt
  • MJN closed at $69.50 today
  • Reckitt comments in e-mailed statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MJN US (Mead Johnson Nutrition Co)
RB/ LN (Reckitt Benckiser Group PLC)

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UUID: 7947283

HALISTER1: Australia Dec. Building Approvals Due in 5 Mins; Est. -1.5% M/m

Australia Dec. Building Approvals Due in 5 Mins; Est. -1.5% M/m

(Bloomberg) -- Australia is scheduled to release December building approvals and trade balance at 11.30am local time.
  • December building approvals m/m est. -1.5% vs prev. 7%
  • December building approvals y/y est. -10.8% vs prev. -4.8%
  • December trade balance est. AUD 2.0b vs prev. AUD 1.24b
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

(2) *RECKITT BENCKISER IN TALKS TO BUY MEAD JOHNSON FOR $90/SHR CASH

*RECKITT BENCKISER IN TALKS TO BUY MEAD JOHNSON FOR $90/SHR CASH

Alerts: HALISTER, HALISTER1
Source: BN (Bloomberg News)

Tickers
MJN US (Mead Johnson Nutrition Co)
RB/ LN (Reckitt Benckiser Group PLC)

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UUID: 7947283

HALISTER1: Nigeria economy: Quick View - Court orders Shell and Eni to forfeit control of oil block

Nigeria economy: Quick View - Court orders Shell and Eni to forfeit control of oil block

Alert: HALISTER1
Source: EIU (Economist Intelligence Unit)

Tickers
RDSA LN (Royal Dutch Shell PLC)
ENI IM (Eni SpA)

People
Dan Etete (Federal Republic of Nigeria)
Olusegun Obasanjo (Federal Republic of Nigeria)

Topics
Discipline Focused Research
Independent Research Providers

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UUID: 7947283

HALISTER: Reckitt Benckiser Said to Be in Talks to Buy Mead Johnson: WSJ

Reckitt Benckiser Said to Be in Talks to Buy Mead Johnson: WSJ

(Bloomberg) -- Terms of potential deal unclear, WSJ reports, citing unidentified people familiar.
  • NOTE: Mead Johnson rises as much as 21% post-mkt
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MJN US (Mead Johnson Nutrition Co)
RB/ LN (Reckitt Benckiser Group PLC)

To de-activate this alert, click here

UUID: 7947283