INDIA RATINGS: CLS, Paschal Cut; Alstom Transport Raised
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- CLS Industries
- Long-term bank facilities cut to D from B at Care
- Cites delay in debt repayment and weak liquidity position
- Paschal Formwork
- LT rating cut to BB- from BB at Care
- Cites subdued operational and financial performance in FY16, stressed liquidity with high dependence on external borrowings
- Alstom Transport
- Non fund-based limits raised to A+(SO) from A-(SO) at ICRA
- Cites Moody’s rating upgrade on Alstom SA
- Kailash Steel Rolling Mills
- LT rating raised to BB- from B+ at Crisil
- Cites improvement in business and financial risk profile
Source: BFW (Bloomberg First Word)
Tickers
ALO FP (Alstom SA)
0811745D IN (HBS Realtors Pvt Ltd)
8441517Z IN (Home First Finance Co India Pvt Ltd)
LUX IN (LUX Industries Ltd)
1292966D IN (MJ Casting Ltd)
To de-activate this alert, click here
UUID: 7947283