INDIA RATINGS: IDBI Bank Cut, Ananda Enterprises Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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IDBI IN (IDBI Bank Ltd)
1033520D IN (ACT Infraport Ltd)
9770841Z IN (Maxop Engineering Co Pvt Ltd)
0332103D IN (Mehta Tubes Pvt Ltd)
SMUL IN (Sundaram Multi Pap Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- IDBI Bank
- Lower Tier 2 bonds cut to A from AA- at CARE Ratings
- Cites significant deterioration in asset quality and financial position of the bank in 4Q FY17
- Ananda Enterprises India Pvt.
- Long-term rating raised to BB from BB- at ICRA
- Cites increase in orderbook size, revenue growth and equity infusion from founders
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
IDBI IN (IDBI Bank Ltd)
1033520D IN (ACT Infraport Ltd)
9770841Z IN (Maxop Engineering Co Pvt Ltd)
0332103D IN (Mehta Tubes Pvt Ltd)
SMUL IN (Sundaram Multi Pap Ltd)
Topics
Emerging Mkts News, Analysis
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283