HALISTER1: INDIA RATINGS: DCM Shriram, Thermosystems Raised

INDIA RATINGS: DCM Shriram, Thermosystems Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • DCM Shriram
    • Term loans raised to AA from AA- at ICRA
    • Cites strengthening business profile
  • Thermosystems
    • Long-term bank facilities raised to BBB from BBB- at Crisil
    • Cites group will sustain improvement in its operating margin while maintaining prudent working capital management

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
DCMS IN (DCM Shriram Ltd)
1247622D IN (Thermosystems Pvt Ltd)

Topics
Emerging Mkts News, Analysis

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