HALISTER1: INDIA RATINGS: Gokak Textiles Cut; Spark Insulators Raised

INDIA RATINGS: Gokak Textiles Cut; Spark Insulators Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Gokak Textiles
    • Long-term fund-based facilities cut to D from BB- at ICRA
    • Cites delays observed in debt servicing
UPGRADE
  • Spark Insulators
    • LT fund-based facilities raised to BB- from B+ at ICRA
    • Cites increase in order book

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
GTEX IN (Gokak Textiles Ltd)

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