HALISTER1: INDIA RATINGS: Banco Aluminium, Mayur Uniquoters Raised

INDIA RATINGS: Banco Aluminium, Mayur Uniquoters Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Banco Aluminium
    • Long-term bank facilities raised to A from A- at Care
    • Cites improvement in profitability margins
  • Manish Vinyls
    • LT loan facilities raised to BBB- from BB+ at Crisil
    • Expects business risk profiles to improve over the medium term due to increasing focus on domestic market
  • Mayur Uniquoters
    • LT bank facilities raised to AA from AA- at Care
    • Cites consistent improvement in operating profit margins
  • Sintex-BAPL
    • LT bank facilities raised to A from A- at Care
    • Cites growth in scale of operations
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
MUNI IN (Mayur Uniquoters Ltd)
6596492Z IN (Banco Aluminium Ltd)

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