INDIA RATINGS: G.Venkateshwar Reddy Cut; P. Chandra Reddy Raised
Source: BFW (Bloomberg First Word)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- G.Venkateshwar Reddy
- Long-term rating cut to B from B+ at Crisil
- Cites deterioration in co.’s business risk profile due to a decline in sales
- P. Chandra Reddy and Co.
- Long-term rating raised to BB from BB- at Crisil
- Cites improvement in business risk profile due to increase in scale of operations, while maintaining profit margins
Source: BFW (Bloomberg First Word)
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UUID: 7947283