INDIA RATINGS: Dalmia Bharat Sugar Raised; Pipefield Cut
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
DCB IN (Dalmia Bharat Sugar & Industries Ltd)
1232351D IN (Saha Infratech Pvt Ltd)
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India Macro News
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Dalmia Bharat Sugar
- Term loans raised to AA- from A+ at ICRA
- Cites improved near-term outlook for its core sugar business
- Khandke Wind Energy
- Term loans raised to A from A- at ICRA
- Cites reduction in interest rate for project debt resulting in an improvement in debt coverage metrics over loan tenure
- I A Hydro Energy
- Term loan raised to BB from BB- at Brickwork
- Cites successfully achieving commercial operation date and secured long-term power purchase agreement with Chhattisgarh State Power Distribution Co.
- Viraj Spinners
- Long-term bank facilities raised to BB- from B at Crisil
- Cites growth in revenue, stable operating margin
- Pipefield India
- LT bank facilities cut to B from B+ at Crisil
- Cites weaker-than-expected operating performance due to nascent stage of operations
- Safal Construction
- Term loan cut to BBB- from BBB at Brickwork
- Cites group’s track record of real estate projects successfully executed
- Saha Infratech
- NCD cut to D from BB at Care
- Cites default in debt servicing of interest payments
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
DCB IN (Dalmia Bharat Sugar & Industries Ltd)
1232351D IN (Saha Infratech Pvt Ltd)
Topics
India Macro News
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283