INDIA RATINGS: Mangla Apparels Raised; Klassik Enterprises Cut
Source: BFW (Bloomberg First Word)
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1018907D IN (Century Appliances Ltd)
9255885Z IN (Kail Ltd)
1263624D IN (Millennium Appliances India Ltd)
PI IN (PI Industries Ltd)
TRCL IN (Ramco Cements Ltd/The)
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(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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- H.L. Passey Engineering
- Long-term rating cut to BB- from BB at Crisil
- Cites deterioration in liquidity due to stretched working capital cycle
- Klassik Enterprises
- LT rating cut to B- from B at Crisil
- Cites deterioration in co.’s liquidity due to lower- than-expected client advances
- Kapil Solvex
- LT rating raised to BB- from B+ at Crisil
- Cites improvement in liquidity
- Mangla Apparels
- LT rating raised to BBB from BBB- at Crisil
- Cites expectation of an improvement in co.’s business risk profile, supported by revenue growth
Source: BFW (Bloomberg First Word)
Tickers
1018907D IN (Century Appliances Ltd)
9255885Z IN (Kail Ltd)
1263624D IN (Millennium Appliances India Ltd)
PI IN (PI Industries Ltd)
TRCL IN (Ramco Cements Ltd/The)
To de-activate this alert, click here
UUID: 7947283