HALISTER1: INDIA RATINGS: Goa Glass, Soltex Petro Raised; Abbott Cold Cut

INDIA RATINGS: Goa Glass, Soltex Petro Raised; Abbott Cold Cut

(Bloomberg) -- Here’s a roundup of Indian company debt-rating changes.
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UPGRADES
  • Goa Glass Fibre
    • Long-term bank facilities raised to BB from B+ at Care
    • Cites improvement in revenue visibility
  • Soltex Petro
    • LT bank facilities raised to BBB from BBB- at Crisil
    • Cites healthy revenue growth
DOWNGRADE
  • Abbott Cold Storages
    • LT bank facilities cut to BB from BB+ at Care
    • Cites decline in scale of operations

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BZL IN (Binani Industries Ltd)
0931620D IN (Soltex Petro Products Ltd)

Topics
First Word Credit Asia
India Macro News

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