INDIA RATINGS: Aircel, RKC Reduced; Bajaj Housing Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
BAF IN (Bajaj Finance Ltd)
MAXIS MK (Maxis Bhd)
Topics
First Word Credit Asia
India Macro News
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Aircel, Aircel Cellular, Aircel Smart Money, Dishnet Wireless
- Long-term bank facilities cut to BB+(SO) from BBB-(SO) at Care
- Cites increased dependence on promoter support to meet debt obligations following the lapse of merger of wireless business of Reliance Communications into Aircel
- Aircel, Aircel Cellular, Aircel Smart Money, Dishnet Wireless
- Fund, non fund- based limits cut to BB- from BB+ at ICRA
- Cites termination of merger of wireless business of RCom with Aircel
- RKC Infrabuilt
- Term loan cut to D from BB+ at ICRA
- Cites delays in servicing debt obligations
- Bajaj Housing Finance
- LT bank loans, NCD, Tier 2 debt raised to AAA from AA+ at India Ratings
- Cites support from parent
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
BAF IN (Bajaj Finance Ltd)
MAXIS MK (Maxis Bhd)
Topics
First Word Credit Asia
India Macro News
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283