INDIA RATINGS: IRB, Ganesh, Varks Upgraded; Lakshmi Float Cut
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
GBP IN (Ganesh Benzoplast Ltd)
IRB IN (IRB Infrastructure Developers Ltd)
1434853D IN (Varks Engineers Pvt Ltd)
Topics
India Macro News
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- IRB Infrastructure Developers
- Term loan raised to A+ from A- at India Ratings
- Cites improvement in credit metrics, deleveraging through InvIT
- Ganesh Benzoplast
- Term loan raised to BB from BB- at Brickwork
- Cites continuous growth of revenue from infrastructure division
- Gosree Finance
- Long-term bank facilities raised to BBB- from BB+ at Care
- Cites fresh equity infusion, increase in scale of operations
- Varks Engineers
- LT bank facilities raised to BB+ from BB at Crisil
- Cites healthy order book over next 5 years
- Lakshmi Float Glass
- LT bank facilities cut to BB from BB+ at Crisil
- Expects liquidity to be more constrained due to insufficient net cash accrual from core business vs debt burden
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
GBP IN (Ganesh Benzoplast Ltd)
IRB IN (IRB Infrastructure Developers Ltd)
1434853D IN (Varks Engineers Pvt Ltd)
Topics
India Macro News
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283