HALISTER1: INDIA RATINGS: Central Bank of India, Rideema Toll Bridge Cut

INDIA RATINGS: Central Bank of India, Rideema Toll Bridge Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Central Bank of India
    • Lower Tier 2 bonds cut to A+ from AA- at ICRA
    • Cites weakness in operating, financial performance
  • Rideema Toll Bridge
    • Term loans cut to BB+ (SO) from BBB- (SO) at ICRA
    • Cites lower-than-expected traffic growth in recent years on the project stretch, which has weakened its liquidity profile

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
CBOI IN (Central Bank of India)

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