INDIA RATINGS: Adani Power Cut; Jain Irrigation, JK Paper Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ADANI IN (Adani Power Ltd)
JKPAPER IN (JK Paper Ltd)
JI IN (Jain Irrigation Systems Ltd)
1188196D IN (Aptus Value Housing Finance India Ltd)
RDL IN (Rushil Decor Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Adani Power
- Long-term bank facilities cut to BB- from BBB- at Care
- Cites possible impact of Mundra power generating business slump sale to subsidiary
- Unishire Urbanscape
- NCDs cut to D from B+(SO) at Crisil
- Cites delays in principal repayment due to weak liquidity
- Aptus Value Housing Finance
- LT bank facilities raised to A from A- at Care
- Cites significant improvement in scale of operations, capitalization level
- Jain Irrigation Systems
- Term loan raised A- from BBB+ at Care
- Cites improvement in operating performance
- JK Paper
- Term loans raised to A- from BBB+ at India Ratings
- Cites strong improvement in financial profile
- Rushil Décor
- Short-term bank facilities raised to A2 from A3+ at Care
- Cites substantial improvement in profitability margin
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ADANI IN (Adani Power Ltd)
JKPAPER IN (JK Paper Ltd)
JI IN (Jain Irrigation Systems Ltd)
1188196D IN (Aptus Value Housing Finance India Ltd)
RDL IN (Rushil Decor Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283