INDIA RATINGS: Everest Cut; GMR Energy, Khadim Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
EVI IN (Everest Industries Ltd)
GMRI IN (GMR Infrastructure Ltd)
KHDM IN (Khadim India Ltd)
6593636Z IN (Lloyd Insulations India Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Everest Industries
- Fund-based limits cut to A from A+ at ICRA
- Cites sub-par performance of divisions
- GMR Energy
- Bank guarantee raised to B from D at ICRA
- Cites change in ownership
- Khadim India
- Cash credit limits raised to A- from BBB+ at ICRA
- Cites improved financial performance due to streamlining of operations, which has led to control on costs
- Lloyd Insulations
- Cash credit raised to BBB+ from BBB at ICRA
- Cites improvement in liquidity position, profitability margins
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
EVI IN (Everest Industries Ltd)
GMRI IN (GMR Infrastructure Ltd)
KHDM IN (Khadim India Ltd)
6593636Z IN (Lloyd Insulations India Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283