HALISTER1: INDIA RATINGS: Biltech Building Cut; Rajasthan Liquors Raised

INDIA RATINGS: Biltech Building Cut; Rajasthan Liquors Raised

(Bloomberg) -- Here’s a roundup of debt-rating changes of Indian cos.
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DOWNGRADES
  • Biltech Building
    • Long-term bank facilities cut to BBB- from BBB at Care
    • Cites decline in sales, profitability
  • Mantri Metallics
    • Cash credit cut to D from C at ICRA
    • Cites delays in debt servicing
  • Transmission Corp of Andhra Pradesh
    • LT loan facilities, bonds cut to D from BB at Crisil
    • Cites delays in debt servicing
UPGRADES
  • Bihar Raffia
    • LT loan facilities raised to C from D at Crisil
    • Cites timely debt servicing over the past 90 days
  • Rajasthan Liquors
    • LT bank facilities raised to BBB from BBB- at Care
    • Cites improvement in total operating income
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0918272D IN (Biltech Building Elements Ltd)
6594724Z IN (Mantri Metallics Pvt Ltd)
3687357Z IN (Transmission Corp of Andhra Pradesh Ltd)

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