HALISTER1: INDIA RATINGS: Emami Cement, Heubach, Usha Spincoat Raised

INDIA RATINGS: Emami Cement, Heubach, Usha Spincoat Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Emami Cement
    • Long-term bank facilities raised to BBB from BBB- at Crisil
    • Cites healthy volume ramp up and reduction of project risk
  • Heubach Colour
    • LT bank facilities raised to A from A- at Crisil
    • Cites improvement in business-risk profile due to better product mix
  • The Seksaria Biswan Sugar Factor
    • Term loans raised to A from A- at India Ratings
    • Cites improvement in overall credit profile
  • Usha Spincoat
    • LT bank facilities raised to BB- from B+ at Care
    • Cites marginal growth in total operating income,increase in profitability margins

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0180459D IN (Heubach Colour Ltd)

Topics
Emerging Mkts News, Analysis

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