HALISTER1: INDIA RATINGS: Massimo Enterprise, Shree Shyam Sponge Cut

INDIA RATINGS: Massimo Enterprise, Shree Shyam Sponge Cut

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Massimo Enterprise
    • Fund-based limits cut to B from B+ at ICRA
    • Cites significant market risk for the project
  • Shree Shyam Sponge
    • Fund-based limits cut to BB- from BB at ICRA
    • Cites significant scaledown in operations
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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