INDIA RATINGS: Devi Iron, IRIS Computers Cut; Vidarbha Raised
Source: BFW (Bloomberg First Word)
Tickers
0670634D IN (Devi Iron & Power Pvt Ltd)
961452Z IN (Iris Computers Ltd)
MPMQ US (MPM Holdings Inc/DE)
RPWR IN (Reliance Power Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Devi Iron
- Fund-based limits cut to BB- from BB at ICRA
- Cites loss-making operation
- IRIS Computers
- Long-term fund based limits cut to BBB- from A- at ICRA
- Cites deterioration in credit profile of parent Dragon Tech Distribution Pte
- Momentive Performance Materials
- LT fund-based limits raised to BBB+ from BBB at ICRA
- Cites steady improvement in financial profile of the company, thereby reducing its dependence on external funding
- Vidarbha Industries
- Term loans raised to A from A- at ICRA
- Cites improvement in financial performance
Source: BFW (Bloomberg First Word)
Tickers
0670634D IN (Devi Iron & Power Pvt Ltd)
961452Z IN (Iris Computers Ltd)
MPMQ US (MPM Holdings Inc/DE)
RPWR IN (Reliance Power Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283