HALISTER1: INDIA RATINGS: Al-Sami Agro, Eduspark Raised; Parker VRC Cut

INDIA RATINGS: Al-Sami Agro, Eduspark Raised; Parker VRC Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Al-Sami Agro
    • Long-term bank facilities raised to BB from BB- at Care
    • Cites significant growth in total operating income
  • Ankit International
    • Fund-based limit raised to A- from BBB- at India Ratings
    • Cites equity infusion, healthy revenue growth
  • Dairy Classic Ice Creams
    • LT bank facilities raised to BBB+ from BBB- at Crisil
    • Expects sustained improvement in business risk profile in medium term
  • Eduspark International
    • Bank loan raised to A- from BBB+ at India Ratings
    • Cites strong revenue, operating margins
  • North East Health City
    • Term loan raised to BB from BB- at Brickwork
    • Cites extensive experience of promoters
DOWNGRADES
  • International Stones
    • LT bank facilities cut to BBB- from BBB+ at Crisil
    • Cites declining operating profitability, muted revenue growth
  • Parker VRC Infrastructure
    • LT bank facilities cut to D from BB at Care
    • Cites delays in interest servicing

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1453612D IN (Dairy Classic Ice Creams Pvt Ltd)

Topics
First Word Credit Asia
India Macro News

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