HALISTER1: INDIA RATINGS: Bharath Salt Cut; Emmbi, TCPL Packaging Raised

INDIA RATINGS: Bharath Salt Cut; Emmbi, TCPL Packaging Raised

(Bloomberg) -- Here’s a roundup of debt-rating changes of Indian cos. To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery. DOWNGRADES
  • Bharath Salt Refineries
    • LT bank facilities cut to D from BB+ at Care
    • Cites delays in debt servicing
  • Origin Formulations
    • LT bank facilities cut to B from BB- at Care
    • Cites significant losses
UPGRADES
  • Emmbi Industries
    • LT bank facilities revised to BBB+ from BBB at Care
    • Cites consistent growth in operations
  • TCPL Packaging
    • LT bank facilities revised to A- from BBB+ at Care
    • Cites growth in operations, profitability
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
EMMB IN (Emmbi Industries Ltd)
TCPL IN (TCPL Packaging Ltd)
0916637D IN (Bharath Salt Refineries Ltd)

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