HALISTER1: INDIA RATINGS: Milroc Good Cut to D; Aspire Systems Raised

INDIA RATINGS: Milroc Good Cut to D; Aspire Systems Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • Milroc Good
    • Long-term loan facilities cut to D from BB at Crisil
    • Cites delays in servicing term debt
UPGRADES
  • Aspire Systems
    • LT loan facilities raised to A- from BBB+ at Crisil
    • Cites strong revenue growth, steady profitability improvement
  • Premchand Jute
    • LT loan facilities raised to BBB from BBB- at Crisil
    • Cites revenue growth because of healthy order flow from govt agencies
  • Shiva Fibres
    • LT fund based facilities raised to BB+ from BB at ICRA
    • Cites steady improvement in operating margin
  • Shivam Transcon
    • LT loan facilities raised to BBB from BBB- at Crisil
    • Expects continued strong growth in revenue due to healthy order book
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0690805D IN (Aspire Systems India Pvt Ltd)

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