INDIA RATINGS: CPF, Hare Krishna Cut; UFO Moviez Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
UFOM IN (UFO Moviez India Ltd)
4613553Z IN (Accutest Research Laboratories India Pvt Ltd)
0989930D IN (Safeflex International Ltd)
8053 JP (Sumitomo Corp)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- CPF (India)
- Term loans rating cut to BBB- from BBB at ICRA
- Cites weak performance in FY16 and first nine-month period of FY17 and its impact on company’s financial profile
- Hare Krishna Metallics
- Long-term rating cut to BBB- from BBB at ICRA
- Cites weakened financial profile, declining revenues, low profitability and weak coverage indicators
- UFO Moviez India
- Long-term rating raised to AA- from A+ at ICRA
- Cites operating performance of the company, which has resulted in strong financial risk profile as reflected in healthy cash accruals
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
UFOM IN (UFO Moviez India Ltd)
4613553Z IN (Accutest Research Laboratories India Pvt Ltd)
0989930D IN (Safeflex International Ltd)
8053 JP (Sumitomo Corp)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283