HALISTER1: INDIA RATINGS: Lucid Colloids, Rajuri Steel, Sakku Spinning Cut

INDIA RATINGS: Lucid Colloids, Rajuri Steel, Sakku Spinning Cut

(Bloomberg) -- Here’s a roundup of debt-rating changes of Indian cos. To get this story sent to your inbox in real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery. DOWNGRADES
  • Ethnic Tobacco India
    • Long-term loan facilities cut to BB from BBB- at Crisil
    • LT loan facilities of Ethnic Spices and Ethnic Agros also cut to BB from BBB- at Crisil
    • Cites weakening in group’s liquidity
  • Lucid Colloids
    • LT loan bank facilities cut to BBB- from BBB at Care
    • Cites weak operating performance
  • Paras Cotspin
    • LT loan facilities cut to D from BB at Crisil
    • Cites delays in servicing of bank debt
  • Rajuri Steel & Alloys
    • LT bank facilities cut to D from B at Care
    • Cites ongoing delays in debt servicing
  • Sakku Spinning Mills
    • LT bank facilities cut to BB- from BB at Care
    • Cites decline in profitability margins
UPGRADES
  • SNJ Synthetics
    • LT bank facilities revised to BB from BB- at Care
    • Cites growth in operating income
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
6597140Z IN (Lucid Colloids Ltd)
0925359D IN (SNJ Synthetics Ltd)
0655534D IN (Sakku Spinning Mills Ltd)

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