INDIA RATINGS: Great India Steel Cut; Deccan Cements Raised
Source: BFW (Bloomberg First Word)
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1018907D IN (Century Appliances Ltd)
9255885Z IN (Kail Ltd)
1263624D IN (Millennium Appliances India Ltd)
PI IN (PI Industries Ltd)
TRCL IN (Ramco Cements Ltd/The)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Great India Steel Fabricators
- Long-term rating cut to B from BB- at ICRA
- Cites stretched working capital requirements, seasonality, moderate scale of operations
- Remi Edelstahl Tubulars
- LT rating cut to BB+ from BBB- at Crisil
- Cites pressures due to decline in turnover due to less- than-anticipated demand
- Bhagwati Power and Steel
- LT rating raised to BBB- from BB+ at Crisil
- Cites improvement in business, financial risk profile
- Deccan Cements
- Term loans raised to A from BBB+ at ICRA
- Cites improvement in operational, financial performance of co. in FY16
- P.P. Steel
- LT rating raised to BB+ from BB at Crisil
- Cites expectation co. will maintain improved business, financial risk profiles
- Vedika Credit Capital
- LT rating raised to BB from BB- at Crisil
- Cites improvement in mkt position, steady asset quality
Source: BFW (Bloomberg First Word)
Tickers
1018907D IN (Century Appliances Ltd)
9255885Z IN (Kail Ltd)
1263624D IN (Millennium Appliances India Ltd)
PI IN (PI Industries Ltd)
TRCL IN (Ramco Cements Ltd/The)
To de-activate this alert, click here
UUID: 7947283