HALISTER1: INDIA RATINGS: DS-Max Realty, Madhucon Raised

INDIA RATINGS: DS-Max Realty, Madhucon Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Ananya Finance
    • Long-term bank facilities raised to BB from BB- at Care
    • Cites improvement in financial-risk profile
  • DS-Max Realty
    • LT rating raised to BB+ from BB at ICRA
    • Cites healthy sales from projects
  • Madhucon Sugar and Power
    • LT rating raised to B+ from B at ICRA
    • Cites improved outlook for co.’s sugar business
  • Sri Lakshmi Kalavathi Cotton Traders
    • LT rating raised to BB from BB- at Crisil
    • Cites expectation of sustained improvement in liquidity
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Source: BFW (Bloomberg First Word)

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