HALISTER1: INDIA RATINGS: MB Power, Manaksia Cut; Great White Raised

INDIA RATINGS: MB Power, Manaksia Cut; Great White 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
DOWNGRADES
  • Manaksia Industries
    • Long-term bank facilities cut to A- from A at Care
    • Cites deterioration in financial performance
  • MB Power
    • LT bank facilities cut to BB+ from BBB- at Care
    • Cites delay in commissioning of thermal power project
  • Pee Aar International
    • Short-term loan facilities cut to D from A4+ at Crisil
    • Cites delays in meeting interest obligation on bank debt
UPGRADES
  • Chandana Brothers Multicomplex
    • LT loan facilities raised to BBB- from BB- at Crisil
    • Cites steady cash flows from operations, debt-free balance sheet
  • Great White Global
    • LT bank facilities raised to BBB from BBB- at Care
    • Cites improved financial performance
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
MAIND IN (Manaksia Industries Ltd)
4069554Z IN (Hindustan Powerprojects Pvt Ltd)

To de-activate this alert, click here

UUID: 7947283