HALISTER1: INDIA RATINGS: Accelerated Freeze, GH Induction Raised

INDIA RATINGS: Accelerated Freeze, GH Induction Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Accelerated Freeze Drying
    • Short term fund-based facilities raised to A4+ from A4 at ICRA
    • Cites healthy revenue growth due to higher off take from existing customers, new customer acquisitions and product diversification
  • GH Induction
    • Long term fund-based facilities raised to BBB+ from BBB at ICRA
    • Cites robust revenue growth
  • Varsha Multitech
    • Working capital limits raised to BBB- from BB+ at ICRA
    • Cites healthy growth in revenues

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0916635D IN (Accelerated Freeze Drying Co Ltd)

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