INDIA RATINGS: Dhanlaxmi Cut to Default; GMR Hyderabad Raised
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Adani Power
- Long-term rating cut to BBB- from BBB at CARE
- Cites delay in resolving dispute related to compensatory tariff
- Capital Power Infrastructure
- LT rating cut to B from B+ at Crisil
- Cites deterioration in group’s financial risk profile
- Capital Power Systems
- LT rating cut to B from B+ at Crisil
- Cites deterioration in group financial risk profile
- Dhanlaxmi Bank
- Upper Tier 2 bonds cut to D from BB at CARE
- Cites non-payment of interest due to invocation of lock- in clause following fall in capital adequacy ratio below regulatory requirement
- Digjam Ltd.
- LT rating raised to B+ from B at CARE
- Cites steps by co. for raising scale of operations
- GMR Hyderabad Aviation SEZ
- Term loans raised to A+ from A- at ICRA
- Cites guarantee from GMR Hyderabad International Airport
- GMR Hyderabad International Airport
- Term loans and fund based limits raised to A+ from A- at ICRA
- Cites improvement in co.’s financial risk profile and restoration of user development fee
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283