HALISTER1: INDIA RATINGS: MD Frozen Food, Ruchi Worldwide Cut to Default

INDIA RATINGS: MD Frozen Food, Ruchi Worldwide Cut to Default

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • MD Frozen Food Exports
    • Fund-based limits cut to D from BB- at ICRA
    • Cites delay in debt servicing due to stretched liquidity position
  • Ruchi Worldwide
    • LT bank facilities cut to D from B(SO) at Care
    • Cites delays in servicing of debt obligations
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
RSI IN (Ruchi Soya Industries Ltd)

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