HALISTER1: INDIA RATINGS: Godawari Power Cut; DTL Ancillaries Raised

INDIA RATINGS: Godawari Power Cut; DTL Ancillaries Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • AGC Networks
    • Long-term bank facilities cut to BB from BBB- at Care
    • Cites subdued operational performance, deterioration in capital structure and debt coverage metrics
  • Godawari Power
    • LT bank facilities cut to BBB+ from A at Care
    • Cites subdued operational, financial performance
UPGRADES
  • DTL Ancillaries
    • LT loan facilities raised to B+ from B at Crisil
    • Cites improvement in liquidity due to better-than- expected operating performance
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
GODPI IN (Godawari Power and Ispat Ltd)
AGC IN (AGC Networks Ltd)
9541898Z IN (DTL Ancillaries Ltd)

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