HALISTER1: INDIA RATINGS: Ahmedabad Municipal, D. Navinchandra Raised

INDIA RATINGS: Ahmedabad Municipal, D. Navinchandra Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Ahmedabad Municipal Corp.
    • Tax-free bonds raised to AA from AA- at Crisil
    • Cites improving financial risk profile, operating efficiency
  • D. Navinchandra Exports
    • Long-term bank facilities upgraded to BBB+ from BBB at Crisil
    • Cites efficient working capital management
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1380265D IN (Ahmedabad Municipal Corp)
0996573D IN (D Navinchandra Exports Pvt Ltd)

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