HALISTER1: INDIA RATINGS: Kohinoor Foods Cut; Suzlon Global Raised

INDIA RATINGS: Kohinoor Foods Cut; Suzlon Global Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADE
  • Kohinoor Foods
    • Long-term bank facilities cut to BB from BBB- at Care
    • Cites stressed liquidity due to deterioration in financial risk profile
UPGRADES
  • Dhampur Sugar Mills
    • Term loan raised to A- from BBB+ at Care
    • Cites improved profitability
  • Suzlon Global
    • LT bank facilities raised to provisional A from provisional A- at Care
    • Cites improvement in financial performance

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
KFL IN (Kohinoor Foods Ltd)
DSM IN (Dhampur Sugar Mills Ltd)

Topics
India Macro News

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