INDIA RATINGS: Hallmark Cut; Sripathy Assoceates 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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- Hallmark Automotive
- Long-term rating cut to BBB- from BBB at Crisil
- Cites expectation business-risk profile of company may deteriorate
- Pinkcity Buildhome
- LT rating raised to BB- from B+ at ICRA
- Cites 16% y/y growth in operating income
- Sripathy Assoceates
- LT rating raised to BB- from B+ at Crisil
- Cites sustained improvement in financial-risk profile because of comfortable capital structure
Source: BFW (Bloomberg First Word)
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UUID: 7947283