INDIA RATINGS: Hindustan Newsprint Cut; Ankalesh Textiles Raised
Source: BFW (Bloomberg First Word)
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ARVND IN (Arvind Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Bengal Ambuja Housing Development
- Fund-based facilities cut to BBB+ from A- at ICRA
- Cites weaker financial risk profile, rising cash losses
- Hindustan Newsprint
- Long-term rating cut to D from BBB at Crisil
- Cites devolvement of letters of credit
- Ankalesh Textiles
- Long-term bank facilities raised to BBB+ from BBB at CARE
- Cites improvement in financial-risk profile of its only customer Arvind Ltd. in FY16
- Indo-MIM
- NCDs and term loans raised to AA from AA- at ICRA
- Cites revenue growth in FY16 and ability to maintain profitability and return indicators
- Lovelock & Lewes
- Long-term fund based limits raised to AA from AA- at ICRA
- Cites robust growth in PricewaterhouseCoopers India’s revenues
- Purulia and Kharagpur Transmission Co.
- Long-term rating raised to BBB from BBB- at Crisil
- Cites expected commissioning of co.’s transmission project
Source: BFW (Bloomberg First Word)
Tickers
ARVND IN (Arvind Ltd)
To de-activate this alert, click here
UUID: 7947283