HALISTER1: INDIA RATINGS: Kumar Sinew Cut; Aakash Healthcare Raised

INDIA RATINGS: Kumar Sinew Cut; Aakash Healthcare Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS, click on Display & Edit, then Set Alert Delivery
DOWNGRADE
  • Kumar Sinew Developers
    • NCD worth INR1.79b cut to D from B+ at Brickwork
    • Cites instances of delays in servicing interest
UPGRADES
  • Aakash Healthcare
    • Long-term bank facilities raised to BB+ from BB at Care
    • Cites completion of hospital project, refinancing of debt
  • Amanta Healthcare
    • LT bank facilities raised to BBB from BBB- at Care
    • Cites ramp up in production, sales volume
  • Dollar Industries
    • LT bank facilities raised to A from A- at Care
    • Cites improvement in financial performance, fund infusion by promoters
  • KNR Muzaffarpur Barauni Tollway
    • Bank loans raised to BBB- from BB+ at India Ratings
    • Cites support from sponsor in meeting cost overruns, repayment of debt obligations and premium payable to NHAI

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
DOLLAR IN (Dollar Industries Ltd)
1412181D IN (Kumar Sinew Developers Pvt Ltd)

Topics
First Word Credit Asia
India Macro News

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283