INDIA RATINGS: Dhanuka Agritech, Natco Pharma, Sona Koyo Raised
Source: BFW (Bloomberg First Word)
Tickers
DAGRI IN (Dhanuka Agritech Ltd)
NTCPH IN (Natco Pharma Ltd)
0197934D IN (ETA Constructions India Ltd)
SONA IN (Sona Koyo Steering Systems Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Dhanuka Agritech
- Fund-based limits raised to AA- from A+ at ICRA
- Cites steady revenue growth, improvement in profitability margins
- ETA Constructions
- Term loan raised to BBB- from BB+ at ICRA
- Cites improved cash flows, liquidity position due to monetization of land parcels and healthy collections from residential project
- Natco Pharma
- Term loans raised to AA from AA- at ICRA
- Cites robust revenue growth, healthy operating margins
- Sona Koyo Steering
- Term loans raised to AA- from A+ at ICRA
- Expectation of stronger business and financial linkage of Sona Koyo with key shareholder and technology supplier JTEKT Corp.
- VBHC Mumbai Value Homes
- Fund-based limits raised to BBB+ from BBB at ICRA
- Cites healthy booking levels, low outstanding debt levels which resulted in healthy cash flow coverage indicators
Source: BFW (Bloomberg First Word)
Tickers
DAGRI IN (Dhanuka Agritech Ltd)
NTCPH IN (Natco Pharma Ltd)
0197934D IN (ETA Constructions India Ltd)
SONA IN (Sona Koyo Steering Systems Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283