HALISTER1: INDIA RATINGS: Hi-Choice Exports Cut; Prime Shoes Raised

INDIA RATINGS: Hi-Choice Exports Cut; Prime Shoes Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Hi-Choice Exports
    • Long-term rating cut to B- from B at Crisil
    • Cites significant stretch in co.’s working capital
UPGRADES
  • Prime Shoes
    • Long-term rating raised to BB from BB- at Crisil
    • Cites improvement in company’s financial risk profile
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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