INDIA RATINGS: Global Offshore Cut; Commercial Syn Raised
Source: BFW (Bloomberg First Word)
Tickers
GWOS IN (Global Offshore Services Ltd)
1266343D IN (Commercial Syn Bags Ltd)
1266378D IN (Raghuvar India Ltd)
0655484D IN (Shakti International Pvt Ltd)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
Alert: HALISTER1- To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
- Global Offshore Services
- Term loan cut to BBB+ from A at Care
- Cites deterioration in cash generation ability
- Raghuvar India
- Long-term loan facilities cut to B+ from BB- at Crisil
- Expects co.’s business risk profile to face pressure over the medium term in the edible oil industry
- Commercial Syn Bags
- LT loan facilities raised to BBB from BBB- at Crisil
- Cites healthy revenue growth, stable profitability
- Rayalseema Wind Energy
- LT bank facilities raised to A(SO) from A-(SO) at Care
- Cites credit enhancement via corp. guarantee by Greenko Energies
- Shakti International
- LT loan facilities raised to BBB+ from BBB at Crisil
- Cites improvement in group’s business risk profile due to diversification into new commodities
Source: BFW (Bloomberg First Word)
Tickers
GWOS IN (Global Offshore Services Ltd)
1266343D IN (Commercial Syn Bags Ltd)
1266378D IN (Raghuvar India Ltd)
0655484D IN (Shakti International Pvt Ltd)
To de-activate this alert, click here
UUID: 7947283