HALISTER1: INDIA RATINGS: MIOT Hospitals Cut; Kogta Financial Raised

INDIA RATINGS: MIOT Hospitals Cut; Kogta Financial Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
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DOWNGRADES
  • MIOT Hospitals
    • Long-term rating cut to BBB from BBB+ at Crisil
    • Cites deterioration in business risk profile due to floods in Dec. 2015 and delay in revamp of operations
UPGRADES
  • Kogta Financial India
    • Subordinated NCDs raised to BBB- from BB+ at Crisil
    • Cites improved scale of operation, adequate capitalization and earnings profile

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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0671382D IN (Empowertrans Pvt Ltd)
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Topics
India Macro News

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