INDIA RATINGS: Bhoruka Power Cut, C&S Electric Raised
Source: BFW (Bloomberg First Word)
Tickers
4616263Z IN (Bhoruka Power Corp Ltd)
RLST IN (Real Strips Ltd)
7178301Z IN (C&S Electric Ltd)
1065080D IN (Hyderabad Yadgiri Tollway Pvt Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
Alert: HALISTER1- To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
- Bhoruka Power
- Long-term bank facilities cut to BBB from A- at Care
- Cites drop in generation from hydel assets, delay in commissioning of some wind and solar plants
- Real Strips
- LT bank facilities cut to D from C at Care
- Cites ongoing delays in servicing debt obligations
- C&S Electric
- LT bank facilities raised to A from A- at Care
- Cites consistently improving financial risk profile, liquidity position
- Hyderabad Yadgiri Tollway
- LT bank facilities raised to A- from BBB at Care
- Cites partial replacement of old term loan, new debt structure has lower rate of interest
- Ramelex
- LT bank facilities raised to BB+ from BB- at Crisil
- Cites revenue growth, stable profitability
Source: BFW (Bloomberg First Word)
Tickers
4616263Z IN (Bhoruka Power Corp Ltd)
RLST IN (Real Strips Ltd)
7178301Z IN (C&S Electric Ltd)
1065080D IN (Hyderabad Yadgiri Tollway Pvt Ltd)
To de-activate this alert, click here
UUID: 7947283