HALISTER1: INDIA RATINGS: G.Venkateshwar Reddy Cut; P. Chandra Reddy Raised

INDIA RATINGS: G.Venkateshwar Reddy Cut; P. Chandra Reddy Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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NI INRATINGS , click on Display & Edit, then Set Alert Delivery DOWNGRADES
  • 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
UPGRADES
  • 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
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