HALISTER1: INDIA RATINGS: Aparna Profiles, Mutha Engineering Raised

INDIA RATINGS: Aparna Profiles, Mutha Engineering Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Aparna Profiles
    • Term loan raised to BBB+(SO) from BBB(SO) at ICRA
    • Cites revision in rating of parent Aparna Enterprises
  • Lakshmivel Mills
    • Term loans raised to BB+ from BB- at ICRA
    • Cites steady improvement in financial profile of the group
  • Mutha Engineering
    • Long-term bank facilities raised to BB- from B+ at Care
    • Cites improvement in operating margins due to decline in material costs

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
6597796Z IN (Aparna Enterprises Ltd)

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