HALISTER1: INDIA RATINGS: Garden Silk Mills Cut, Royal Trexim Raised

INDIA RATINGS: Garden Silk Mills Cut, Royal Trexim Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Garden Silk Mills
    • Long-term bank facilities cut to D from B at Care
    • Cites delays in debt servicing obligations
UPGRADES
  • Arvind Pipes & Fittings
    • Fund based limits raised to B- from D at ICRA
    • Cites regularization of debt servicing
  • Radhesh Plastics
    • LT rating raised to B+ from B at Crisil
    • Cites improvement in business risk profile and liquidity
  • Royal Trexim
    • LT rating raised to BB- from B+ at Crisil
    • Cites strong business risk profile backed by healthy topline growth
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
9155867Z IN (Shalina Laboratories Pvt Ltd)
7173729Z IN (West Bengal State Electricity Distribution Co Ltd)

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