HALISTER1: INDIA RATINGS: Chola Textiles Cut; Sunshine Infra Raised

INDIA RATINGS: Chola Textiles Cut; Sunshine Infra Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Chola Textiles
    • Long-term loan facilities cut to BBB+ from A- at Crisil
    • LT loan facilities of Gomathi Spinning and Pallava Spinning also cut to BBB+ from A- at Crisil
    • Cites change in holding structure, management control of group cos.
UPGRADES
  • Sunshine Infra Engineers
    • LT loan facilities raised to BBB- from BB+ at Crisil
    • Cites substantial, sustained increase in scale of operations
  • V.S. Timbers
    • LT loan facilities raised to BB from BB- at Crisil
    • Cites sustained revenue growth, stable profitability
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
1033523D IN (Chola Textiles Pvt Ltd)

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