INDIA RATINGS: Elgi Rubber Cut; Sree Akkamamba Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ELGI IN (Elgi Rubber Co Ltd)
627208Z IN (Maini Precision Products Pvt Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Sree Akkamamba Textiles
- Long-term rating raised to BBB- from BB+ at ICRA
- Cites steady improvement in financial profile over past few years
- Elgi Rubber Company
- Long-term rating cut to BBB+ from A- at ICRA
- Cites weaker-than-expected performance and sustained weakening of financial profile
- S V Creditline
- Non-convertible debentures cut to BB+ from BBB- at ICRA
- Cites elevated financial-risk profile following demonetization due to worsening asset quality indicators and deterioration in capitalization
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ELGI IN (Elgi Rubber Co Ltd)
627208Z IN (Maini Precision Products Pvt Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283