HALISTER1: INDIA RATINGS: Arpit Projects Cut; Asahi, Mayfair Hotels Raised

INDIA RATINGS: Arpit Projects Cut; Asahi, Mayfair Hotels Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Arpit Projects
    • Term loan cut to D from BB at India Ratings
    • Cites delays in debt servicing
UPGRADES
  • Asahi India
    • Long-term bank facilities raised to A- from BBB+ at Care
    • Cites improved operational performance
  • Mayfair Hotels
    • LT bank facilities raised to BBB- from BB at Crisil
    • Cites improvement in liquidity
  • P&C Projects
    • LT bank facilities raised to BBB- from BB at Care
    • Cites improvement in order book, sharp growth in revenue

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
AISG IN (Asahi India Glass Ltd)

Topics
First Word Credit Asia
India Macro News

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