INDIA RATINGS: Agri Till Cut; Sipani Fibres, Kataria Raised
Source: BFW (Bloomberg First Word)
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BOB IN (Bank of Baroda)
6596700Z IN (Adani Wilmar Ltd)
214046Z IN (Aditya Birla Group)
4088148Z MP (Aquarelle International Ltd)
3500069Z IN (Concord Enviro Systems Pvt Ltd)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Agri Till India
- Long term rating cut to B from B+ at Crisil
- Cites significant deterioration in the firm’s financial risk profile due to weakening capital structure
- Modern Overseas
- LT rating cut to D from BB at Crisil
- Cites overdrawing cash credit and company being declared a non-performing asset by Bank of Baroda
- Sipani Fibres
- LT rating raised to BB+ from BB at ICRA
- Cites improvement in company’s margin and its stable and comfortablel financial profile
- Kataria Movers
- LT rating raised to BB+ from BB at Crisil
- Cites improvement in business risk profile of company
- Unison Forging
- LT bank facilities raised to BB from BB- at Care
- Cites improvement in scale of operations of company and its moderate capital structure
Source: BFW (Bloomberg First Word)
Tickers
BOB IN (Bank of Baroda)
6596700Z IN (Adani Wilmar Ltd)
214046Z IN (Aditya Birla Group)
4088148Z MP (Aquarelle International Ltd)
3500069Z IN (Concord Enviro Systems Pvt Ltd)
To de-activate this alert, click here
UUID: 7947283