HALISTER1: INDIA RATINGS: Keimed, GHCL, PNC Infratech Raised

INDIA RATINGS: Keimed, GHCL, PNC Infratech Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • GHCL
    • Long-term bank facilities raised to A- from BBB+ at Care
    • Cites healthy operating performance of its soda ash division
  • Keimed
    • LT bank facilities raised to A- from BBB+ at Care
    • Cites healthy growth in total operating income, investment made by Mitsui & Co. (Asia Pacific) Pte in form of equity
  • PNC Infratech
    • LT bank facilities raised to AA- from A+ at Care
    • Cites strong growth in turnover, profitability
  • Vijaykant Dairy
    • LT bank facilities raised to BBB- from BB+ at Care
    • Cites consistent revenue growth, improved financial performance
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
GHCL IN (GHCL Ltd)
PNCL IN (PNC Infratech Ltd)
PNC US (PNC Financial Services Group Inc/The)
8031 JP (Mitsui & Co Ltd)
1282365D IN (Keimed Ltd)

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