HALISTER1: INDIA RATINGS: Kredence Multi, ONGC Tripura Power Raised

INDIA RATINGS: Kredence Multi, ONGC Tripura Power Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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UPGRADES
  • GRG Cotspin
    • Long-term bank facilities raised to BBB+ from BBB at Care
    • Cites early completion of project
  • Kredence Multi Trading
    • Non-fund based limits raised to A4 from D at Icra
    • Cites regularization of debt service obligations
  • ONGC Tripura Power
    • LT bank facilities raised to AA- from A+ at Care
    • Cites growth in revenues, profitability and cash accruals
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0954819D IN (ONGC Tripura Power Co Ltd)
1058549D IN (Kredence Multi Trading Ltd)

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