INDIA RATINGS: Indian Gem Cut; Goan Fresh Marine Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Indian Gem
- Cash credit cut to BB+ from BBB- at ICRA
- Cites sharp decline in topline
- Soham Phalguni Renewable Energy
- Term loan cut to D from B at ICRA
- Cites delays in debt servicing due to lower-than- expected generations in hydro power project
- Goan Fresh Marine
- Term loan raised to BB+ from BB at ICRA
- Cites healthy growth in revenues
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
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UUID: 7947283