HALISTER1: INDIA RATINGS: Hombale Constructions, Madhav Copper Raised

INDIA RATINGS: Hombale Constructions, Madhav Copper Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Hombale Constructions and Estates
    • Long-term rating raised to BBB from BBB- at Crisil
    • Cites sustainable improvement in business- risk profile, supported by increase in turnover and orderbook
  • Madhav Copper
    • Long-term rating raised to BB from BB- at Crisil
    • Cites improved financial-risk profile due to equity infusion

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
9265033Z IN (Eastman Cast & Forge Ltd)
MTPL IN (Manjushree Technopack Ltd)

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