HALISTER1: INDIA RATINGS: Colossus Trade Cut; SKH Metals Raised

INDIA RATINGS: Colossus Trade Cut; SKH Metals Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Colossus Trade
    • Fund-based limits cut to B from B+ at ICRA
    • Cites decline in operating income due to weak market demand
  • The Indure
    • Cash credit cut to BB from BBB- at ICRA
    • Cites deterioration in working capital position
UPGRADE
  • SKH Metals
    • Term loans raised to BBB- from BB+ at ICRA
    • Cites continued improvement in operating performance
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0655544D IN (Colossus Trade Links Ltd)
7174853Z IN (SHK Metals Ltd)

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