HALISTER1: INDIA RATINGS: IBD Nalanda, Sahyadri Starch Downgraded

INDIA RATINGS: IBD Nalanda, Sahyadri Starch Downgraded

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • IBD Nalanda Infrastructure
    • Long-term fund-based limits cut to D from B at ICRA
    • Cites delay in servicing obligations
  • Sahyadri Starch
    • LT fund-based limits cut to BBB from BBB+ at ICRA
    • Cites sharp decline in profitability due to an increase in prices of its key raw material

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
8122458Z IN (Sahyadri Starch & Industries Pvt Ltd)

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