HALISTER1: INDIA RATINGS: Desein, Lahari Laminates Cut

INDIA RATINGS: Desein, Lahari Laminates Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Desein
    • Cash credit cut to BBB from A- at ICRA
    • Cites increase in working capital intensity
  • Lahari Laminates
    • Long-term bank facilities cut to BB+(SO) from BBB-(SO) at Care
    • Cites revision in the rating of guarantor Nutan Ispat due to deterioration in financial performance

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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