HALISTER1: INDIA RATINGS: Daily Thanti Cut; Future Supply Chain Raised

INDIA RATINGS: Daily Thanti Cut; Future Supply Chain Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • The Daily Thanti
    • Long-term rating cut to BBB- from BBB at Crisil
    • Cites financial risk profile of company
UPGRADES
  • Future Supply Chain Solutions
    • Long-term bank facilities raised to A from A- at CARE
    • Cites continuous growth in operations, stable operating profitability and improvement in debt coverage indicators
  • Satin Creditcare Network
    • Long-term bank facilities, non-convertible debentures raised to A- from BBB+ at CARE
    • Cites improvement in capital adequacy on equity infusion
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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