INDIA RATINGS: India Cements Raised; Bajaj Energy Lowered
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ICEM IN (India Cements Ltd/The)
BJH IN (Bajaj Hindusthan Sugar Ltd)
0612968D IN (Intercontinental Consultants and Technocrats Pvt Ltd)
PHNX IN (Phoenix Mills Ltd/The)
SABTN IN (SRI Adhikari Brothers Television Network Ltd)
Topics
First Word Credit Asia
India Equities
India Fixed Income, Forex
India Macro News
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Golden Agrarian
- Cash credit raised to BB- from B+ at Brickwork
- Cites improvement in topline, consistency in maintaining debt coverage ratios
- Industrial Solvents
- Fund-based limits raised to A+ from A at ICRA
- Cites increase in profitability margins
- Jindal Stainless Steelway
- Long-term bank facilities raised to BBB from BBB- at Care
- Cites improvement in profitability
- Maruichi KUMA Steel Tube
- LT bank facilities raised to A from A- at Crisil
- Expects company to maintain its improved business risk profile over the medium term
- The India Cements
- LT bank facilities, NCD raised to A from A- at Care
- Cites improvement in operational performance
- The Phoenix Mills
- Term loans raised to A+ from A at India Ratings
- Cites reduced support to special purpose vehicles
- Bajaj Energy
- Term loan cut to BB- from A at India Ratings
- Cites termination of tariff payments, increase in debt
- Intercontinental Consultants
- LT fund-based limits cut to A from A+ at ICRA
- Cites marginal growth in operating income, sharp decline in profitability
- Sri Adhikari Brothers Television
- LT bank facilities cut to D from BBB- at Crisil
- Cites delays in servicing of interest, principal repayment obligations on term loans
- Tinna Rubber
- Term loans cut to D from B+ at ICRA
- Cites delays in debt servicing
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
ICEM IN (India Cements Ltd/The)
BJH IN (Bajaj Hindusthan Sugar Ltd)
0612968D IN (Intercontinental Consultants and Technocrats Pvt Ltd)
PHNX IN (Phoenix Mills Ltd/The)
SABTN IN (SRI Adhikari Brothers Television Network Ltd)
Topics
First Word Credit Asia
India Equities
India Fixed Income, Forex
India Macro News
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283