HALISTER1: INDIA RATINGS: Archies Cut; Mahindra Agri, Updater Raised

INDIA RATINGS: Archies Cut; Mahindra Agri, Updater Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Archies
    • Fund-based limits cut to BBB from BBB+ at ICRA
    • Cites deterioration in operating performance
UPGRADES
  • Mahindra Agri Solutions
    • Long-term fund based limits raised to A+ from A- at ICRA
    • Cites consolidation of various agri businesses
  • Updater Services
    • Fund based limits raised to A+ from A at ICRA
    • Cites consistent performance of the company over the past fiscal year

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
AGG IN (Archies Ltd)
MM IN (Mahindra & Mahindra Ltd)
9155451Z IN (Updater Services Pvt Ltd)

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