HALISTER1: INDIA RATINGS: Janalakshmi Financial, Paschim Hydro Raised

INDIA RATINGS: Janalakshmi Financial, Paschim Hydro Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • Janalakshmi Financial
    • Long-term bank facilities raised to A+ from A at ICRA; NCDs also revised to A+ from A
    • Cites improvement in capitalization after equity infusion of INR10b
  • Paschim Hydro Energy
    • LT loan facilities raised to BBB from BBB- at Crisil
    • Cites steady cash flows, strong liquidity management
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
3667144Z IN (Janalakshmi Financial Services Pvt Ltd)

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