HALISTER1: INDIA RATINGS: Cesare Bonetti, Sargam India Electronics Raised

INDIA RATINGS: Cesare Bonetti, Sargam India Electronics Raised

(Bloomberg) -- Here’s a roundup of debt-rating changes of Indian cos.
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UPGRADES
  • Cesare Bonetti
    • Long-term loan facilities raised to B- from D at Crisil
    • Cites timely debt servicing over the past 90 days
  • Sargam India Electronics
    • LT loan facilities raised to BBB- from BB+ at Crisil
    • Cites improvement in liquidity, business risk profile
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Source: BFW (Bloomberg First Word)

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