HALISTER1: INDIA RATINGS: Everest Building Cut; Singer India Raised

INDIA RATINGS: Everest Building Cut; Singer India Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Everest Building
    • Fund-based limits, non fund-based limits cut to A(SO) from A+(SO) at ICRA
    • Cites revision in ratings of parent Everest Industries
UPGRADE
  • Singer India
    • Cash credit raised to BBB from BBB- at ICRA
    • Cites sustained improvement in scale of operations

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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SING IN (Singer India Ltd)

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