INDIA RATINGS: GMR Warora, Nspira Raised; Seven Seas Cut
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
GMRI IN (GMR Infrastructure Ltd)
IRB IN (IRB Infrastructure Developers Ltd)
1488669D IN (JB Ecotex LLP)
1372057D IN (Nspira Management Services Pvt Ltd)
1289740D IN (Poly Pipes India Pvt Ltd)
Topics
First Word Credit Asia
India Macro News
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- GMR Warora Energy
- NCDs raised to BB- from D at India Ratings
- Cites timely servicing of entire debt
- J B Ecotex
- Long-term bank facilities raised to BB+ from BB at Crisil
- Cites quick ramp-up in sales, moderate profitability
- Mhaiskar Infrastructure
- Senior project bank loans raised to AA from AA- at India Ratings
- Cites no additional financial obligation
- Nspira Management Services
- NCDs raised to AA- from A- at India Ratings
- Cites robust revenue growth
- Poly Pipes
- LT bank facilities raised to A- from BBB+ at Care
- Cites significant increase in income
- Shyam Steel
- LT bank facilities raised to A from A- at Care
- Cites increasing sales, improvement in capital structure
- Seven Seas Hospitality
- LT bank facilities cut to D from B+ at Crisil
- Cites instance of delay in interest, principal payment on term loan
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
GMRI IN (GMR Infrastructure Ltd)
IRB IN (IRB Infrastructure Developers Ltd)
1488669D IN (JB Ecotex LLP)
1372057D IN (Nspira Management Services Pvt Ltd)
1289740D IN (Poly Pipes India Pvt Ltd)
Topics
First Word Credit Asia
India Macro News
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283