HALISTER1: INDIA RATINGS: Kisan Mouldings Cut; TDI International Raised

INDIA RATINGS: Kisan Mouldings Cut; TDI International Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Dolphin Offshore
    • Long-term bank facilities cut to B from BB+ at Crisil
    • Cites sharp deterioration in group’s liquidity
  • Kisan Mouldings
    • LT bank facilities cut to D from B at Crisil
    • Cites delays in servicing of interest obligations on term loans
  • Stovekraft
    • LT fund-based limits cut to BB- from BB at ICRA
    • Cites deterioration in financial profile due to losses
UPGRADES
  • Sidhivinayak Filaments
    • LT bank facilities raised to BB+ from BB at Crisil
    • Cites improved gearing, better debt protection metrics
  • TDI International
    • Term loans raised B- from D at ICRA
    • Cites regularization of past delay in debt servicing
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
KSMD IN (Kisan Mouldings Ltd)
DOEI IN (Dolphin Offshore Enterprises India Ltd)
1033751D IN (Sidhivinayak Filaments Pvt Ltd)
0490943D IN (Stovekraft Pvt Ltd)
7174829Z IN (TDI International India Ltd)

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