HALISTER1: INDIA RATINGS: Chettinad Cement, Merino, Man Structurals Raised

INDIA RATINGS: Chettinad Cement, Merino, Man Structurals Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Chettinad Cement
    • Long-term bank facilities raised to AA+ from AA at Care
    • Cites significant improvement in capital structure
  • Man Structurals
    • LT bank facilities raised to BBB from BBB- at Care
    • Cites healthy order book position
  • Merino Industries
    • LT bank facilities raised to AA- from A+ at Care
    • Cites improvement in profitability, capital structure, debt coverage indicators
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
CHCM IN (Chettinad Cement Corp Ltd)
9156755Z IN (MAN Structurals Pvt Ltd)
6595556Z IN (Merino Industries Ltd)

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