INDIA RATINGS: Conveyor Cut; Precision Technik Raised
Source: BFW (Bloomberg First Word)
Tickers
0810764D IN (Precision Technik Pvt Ltd)
2742907Z IN (Sheela Foam Pvt Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of debt rating changes of Indian cos. To get this story sent to your inbox in real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery.
DOWNGRADES:
Alert: HALISTER1- Conveyor & Ropeway
- Long-term loan facilities cut to D from B+ at Crisil
- Cites instances of delay in servicing debt
- Precision Technik
- LT loan facilities revised to BB+ from BB at Crisil
- Cites continuous improvement in operating performance
- Sheela Foam
- LT loan facilities revised to A from A- at Crisil
- Expects group’s capital structure, financial risk profile to remain strong over the medium term
Source: BFW (Bloomberg First Word)
Tickers
0810764D IN (Precision Technik Pvt Ltd)
2742907Z IN (Sheela Foam Pvt Ltd)
To de-activate this alert, click here
UUID: 7947283