INDIA RATINGS: JMT, Leap Green Cut; Pidilite Raised
Source: BFW (Bloomberg First Word)
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ATECH IN (Arcotech Ltd)
CLEBI TI (Celebi Hava Servisi AS)
DBEL IN (Dalmia Bharat Ltd)
0895168D IN (Madhav Alloys Pvt Ltd)
1080525D IN (Navayuga Infotech Pvt Ltd)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- JMT Auto
- Term loans cut to BB- from BB+ at ICRA
- Cites company’s large sized debt-funded acquisitions of 2 auto manufacturing companies
- Leap Green Group
- Long term rating cut to BBB from BBB+ at Crisil
- Cites deteriorating in group’s liquidity over the past few months due to delay in equity infusion and lower- than-expected cash flow from wind power generation
- Navayuga Engineering
- Long-term bank facilities raised to A- from BBB+ at Care
- Cites growth in total operating income and healthy growth in profit levels in FY16
- OB Infrastructure
- Non-convertible debentures raised to A+ from A at Care
- Cites companies receiving all 14 annuities, due from NHAI
- Pidilite Industries
- Long-term rating raised to AAA from AA+ at Crisil
- Cites expectation the company will maintain robust operating performance and financial risk profile
Source: BFW (Bloomberg First Word)
Tickers
ATECH IN (Arcotech Ltd)
CLEBI TI (Celebi Hava Servisi AS)
DBEL IN (Dalmia Bharat Ltd)
0895168D IN (Madhav Alloys Pvt Ltd)
1080525D IN (Navayuga Infotech Pvt Ltd)
To de-activate this alert, click here
UUID: 7947283