INDIA RATINGS: Bank of Maharashtra Cut; SML Isuzu Raised
Source: BFW (Bloomberg First Word)
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BOMH IN (Bank of Maharashtra)
SM IN (SML ISUZU Ltd)
MSUM IN (Maharaja Shree Umaid Mills)
GISP IN (Gammon Infrastructure Projects Ltd)
0340224D IN (Ozone Propex Pvt Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Bank of Maharashtra
- Basel III Tier 1 bonds cut to A- from A+ at Crisil
- Cites sharp deterioration in asset quality
- Maharaja Shree
- Term loans cut to BB from BBB- at ICRA
- Cites inability to achieve satisfactory traction in value-added fabrics
- Patna Highway Projects
- Long-term bank facilities cut to D from B at Care
- Cites delays in servicing of debt obligations
- Pravara Renewable
- LT bank facilities cut to D from B at Care
- Cites delays in servicing of debt obligations
- Ozone Urbana
- Term loan raised to BBB from BBB- at ICRA
- Cites healthy sales
- SML Isuzu
- Cash credit raised to AA from AA- at ICRA
- Cites improving market share
- Sujala Pipes
- LT bank facilities raised to B+ from C at Care
- Cites improvement in liquidity position
Source: BFW (Bloomberg First Word)
Tickers
BOMH IN (Bank of Maharashtra)
SM IN (SML ISUZU Ltd)
MSUM IN (Maharaja Shree Umaid Mills)
GISP IN (Gammon Infrastructure Projects Ltd)
0340224D IN (Ozone Propex Pvt Ltd)
To de-activate this alert, click here
UUID: 7947283