HALISTER1: INDIA RATINGS: Dmsons, Gandhar Oil, Ostro Renewables Raised

INDIA RATINGS: Dmsons, Gandhar Oil, Ostro Renewables Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Dmsons Metal
    • Long-term bank facilities raised to BBB from BBB- at Crisil
    • Cites healthy capital structure, adequate debt protection metrics
  • Gandhar Oil
    • LT bank facilities raised to BBB+ from BBB at Care
    • Cites growth in revenues
  • Ostro Renewables, Ostro Urja Wind
    • LT bank facilities raised to BBB+ from BBB at Care
    • Cites satisfactory operational track record
  • Shree Gopal Concrete
    • LT bank facilities raised to BB from BB- at Crisil
    • Cites increase in scale of operations
  • Vaibhav Ginning
    • Term loan raised to BB+ from BB at Brickwork
    • Cites extensive experience of promoters

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0656490D IN (Dmson's Metal Pvt Ltd)
9764249Z IN (Gandhar Oil Refinery India Ltd)

Topics
First Word Credit Asia
India Macro News

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