INDIA RATINGS: Delphi Automotive, ICICI, SJS Enterprises Raised
Source: BFW (Bloomberg First Word)
Tickers
ICICIBC IN (ICICI Bank Ltd)
SNGI IN (Sanghi Industries Ltd)
0881136D IN (Bekem Infra Projects Pvt Ltd)
DPHMF US (Delphi Automotive LLP)
1366311D SP (Evergraph Holdings Pte Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- BEKEM Infra Projects
- Fund-based limits raised to A- from BBB+ at ICRA
- Cites improved segmental diversification
- Delphi Automotive
- Long-term bank facilities raised to A- from BBB at ICRA
- Cites scale-up in operations in existing business divisions due to new orders
- ICICI Bank
- Basel III Tier 1 bonds raised to AA+ from AA at ICRA
- Cites increase in distributable reserves after RBI changed Basel III capital regulations
- Sanghi Industries
- Cash credit raised to A- from BBB at ICRA
- Cites healthy operational performance, reduced financing costs
- SJS Enterprises
- Working capital limits raised to A from A- at ICRA
- Cites consistent improvement in operating profitability
Source: BFW (Bloomberg First Word)
Tickers
ICICIBC IN (ICICI Bank Ltd)
SNGI IN (Sanghi Industries Ltd)
0881136D IN (Bekem Infra Projects Pvt Ltd)
DPHMF US (Delphi Automotive LLP)
1366311D SP (Evergraph Holdings Pte Ltd)
To de-activate this alert, click here
UUID: 7947283