HALISTER1: INDIA RATINGS: Jai Parvati Forge Cut; Eastern Media Raised

INDIA RATINGS: Jai Parvati Forge Cut; Eastern Media Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADES
  • Jai Parvati Forge
    • Long-term loan facilities cut to BBB- from BBB at Crisil
    • Cites declining trend in turnover
  • OCM
    • LT loan facilities cut to BBB- from BBB at Crisil
    • Expects business risk profile to deteriorate over the medium term
UPGRADES
  • Eastern Media
    • LT loan facilities raised to BB from BB- at Crisil
    • Expects improvement in business risk profile
  • Sandesh
    • LT bank facilities raised to AA from AA- at Care
    • Cites growth in advertisement income, improvement in profitability
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
SDSH IN (Sandesh Ltd)
0989932D IN (JAI Parvati Forge Ltd)

To de-activate this alert, click here

UUID: 7947283