HALISTER1: INDIA RATINGS: Calcom Cement, HPCL-Mittal, Viacom18 Raised

INDIA RATINGS: Calcom Cement, HPCL-Mittal, Viacom18 Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Calcom Cement
    • Long-term loan raised to AA-(SO) from A+(SO) at Care
    • Cites credit enhancement in form of a letter of comfort by Dalmia Cement Bharat
  • Caspian Impact Investments
    • NCDs raised to BBB from BBB- at Care
    • Cites growth in loan portfolio
  • HPCL-Mittal Energy
    • LT bond programme raised to AA from AA- at ICRA
    • Cites favorable outlook on gross refining margins
  • Traco Cable
    • LT bank facilities raised to C from D at Crisil
    • Cites timely debt servicing over the past 90 days
  • Viacom18 Media
    • LT bank facilities raised to AA from AA- at Care
    • Cites improvement in operational performance
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0526794D IN (HPCL-Mittal Energy Ltd)
PE12617 IN (Caspian Impact Investments Pvt Ltd)
DBEL IN (Dalmia Bharat Ltd)
3183479Z IN (Viacom 18 Media Pvt Ltd)

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