Halister News

(Bloomberg) -- Here’s a roundup of debt-rating changes of Indian cos. To get this story sent to your inbox in real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery. DOWNGRADES

• Kirloskar Ebara Pumps
  • Long-term loan facilities cut to A- from A at Crisil
  • Cites challenging external environment led by lower capex in oil and gas segment

• Shree Mandvi Vibhag Sahakari
  • LT bank facilities cut to D from BB at Care
  • Cites ongoing delay in servicing debt obligation

• Srivatsa International
  • LT loan facilities cut to D from BB- at Crisil
  • Cites delays in servicing its term debt due to deterioration in operating performance

UPGRADES

• GSR Ventures
  • LT loan facilities revised to B+ from B at Crisil
  • Cites revenue growth and stable profitability

• Prince Containers
  • LT loan facilities revised to BB- from B+ at Crisil
  • Expects improved financial risk profile

• Piyanshu Chemicals
  • LT loan facilities revised to BBB from BBB- at Crisil
  • Cites considerable improvement in operating margin