HALISTER1: INDIA RATINGS: Laxmi Builders Raised; Samyu Glass Cut

INDIA RATINGS: Laxmi Builders Raised; Samyu Glass Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Amira Pure Foods
    • Bank limits cut to D from BBB
    • Cites delay in debt servicing
  • Samyu Glass
    • Long-term rating cut to D from C at Crisil
    • Cites delay in debt servicing, weak liquidity
UPGRADES
  • Laxmi Builders
    • LT rating raised to B+ from B at Crisil
    • Cites improved financial profile
  • Satin Creditcare Network
    • Pass-through certificates raised to A- from AA- at ICRA
    • Cites collection efficiency, low delinquency
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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