HALISTER1: INDIA RATINGS: Arkkays, Rakesh Folding Works Raised

INDIA RATINGS: Arkkays, Rakesh Folding Works Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Arkkays National Engineering and Foundry Co.
    • Long-term bank facilities raised to BBB- from BB+ at CARE
    • Cites significant improvement in performance
  • Rakesh Folding Works
    • Long-term rating raised to B+ from B at Crisil
    • Cites improved financial risk profile due to equity infusion
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0989820D IN (Magnifico Minerals Pvt Ltd)
0689848D IN (Pushpak Bullions Pvt Ltd)

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