INDIA RATINGS: IDBI Cut; Bhopal Dhule, Tagros Chemicals Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
IDBI IN (IDBI Bank Ltd)
SOTL IN (Sterlite Technologies Ltd)
6595028Z IN (Tagros Chemicals India Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- IDBI Bank
- Basel III Tier 2, infra bonds cut to AA- from AA at Crisil; Tier 1 notes reduced to A- from A
- Cites sharper-than-expected deterioration in asset quality, profitability
- Bhopal Dhule Transmission
- Long-term bank loan facilities raised to AA- from A- at Crisil
- Cites stable revenue profile, healthy debt coverage indicators
- Tagros Chemicals
- Term loans raised to A- from BBB+ at ICRA
- Cites continued revenue growth
- Yellowstone Nirmiti
- Term loan raised to BB- from B+ at ICRA
- Cites healthy demand outlook for affordable housing segment
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
IDBI IN (IDBI Bank Ltd)
SOTL IN (Sterlite Technologies Ltd)
6595028Z IN (Tagros Chemicals India Ltd)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283