HALISTER1: INDIA RATINGS: GHCL, Ramaraju Surgical Raised; Datta Agro Cut

INDIA RATINGS: GHCL, Ramaraju Surgical Raised; Datta Agro Cut

(Bloomberg) -- Here’s a roundup of Indian company debt-rating changes.
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UPGRADES
  • GHCL
    • Long-term bank facilities raised to A from A- at Care
    • Cites healthy operating performance of its soda ash division
  • The Ramaraju Surgical Cotton Mills
    • LT bank facilities raised to BBB from BBB- at Crisil
    • Cites healthy revenue growth
DOWNGRADE
  • Datta Agro
    • LT bank facilities cut to D from B at Care
    • Cites ongoing delay in servicing of debt obligations

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
GHCL IN (GHCL Ltd)
7745364Z IN (Ramaraju Surgical Cotton Mills Ltd)

Topics
First Word Credit Asia
India Macro News

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