INDIA RATINGS: Kalyani Motors Cut; Munjal Kiriu Raised
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
4613553Z IN (Accutest Research Laboratories India Pvt Ltd)
0989930D IN (Safeflex International Ltd)
8053 JP (Sumitomo Corp)
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UUID: 7947283
(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- Accutest Research
- Long-term loans cut to BB from BBB- at ICRA
- Cites weak liquidity position
- Kalyani Motors
- Fund-based facilities cut to BBB- from BBB at ICRA
- Cites decline in operating, net margins
- Safeflex International
- Cash credit cut to BBB- from BBB at ICRA
- Cites lower-than-expected capacity utilization, declining operating margin
- Mahavir Ship Breakers
- Fund-based limits raised to C from D at ICRA
- Cites improvement in liquidity position, resulting in regularization of debt servicing obligations
- Munjal Kiriu Industries
- Term loan raised to A from A- at ICRA
- Cites consistent improvement in operating performance
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
Tickers
4613553Z IN (Accutest Research Laboratories India Pvt Ltd)
0989930D IN (Safeflex International Ltd)
8053 JP (Sumitomo Corp)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283