INDIA RATINGS: AG8 Ventures Cut; Escorts, Aptus Value Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ESC IN (Escorts Ltd)
1056776D IN (AG8 Ventures Ltd)
1188196D IN (Aptus Value Housing Finance India Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- AG8 Ventures
- Long-term bank facilities cut to B+ from BB at Care
- Cites delay in servicing of its debt obligation
- Aptus Value Housing
- LT loans raised to A- from BBB+ at ICRA
- Cites equity infusion that has improved the company’s credit risk profile
- DHS Hotels
- Term loans raised to BB- from B+ at ICRA
- Cites healthy y/y revenue growth
- Escorts
- Term loans raised to A from A- at ICRA
- Cites improvement in operational performance driven by volume growth in agri machinery division, recovery in construction equipment
- NTL Steels
- Fund-based limits raised to BB+ from BB- at ICRA
- Cites improvement in profitability
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ESC IN (Escorts Ltd)
1056776D IN (AG8 Ventures Ltd)
1188196D IN (Aptus Value Housing Finance India Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283